For more than 60 years, Foellinger Foundation has provided resources for Allen County, Indiana, residents to increase their self-reliance through grants to nonprofit organizations that directly serve them. But, as our grantees are helping people move from dependence to independence, measuring how they do that, and do it effectively, has often been challenging. To address... Read More
How do we make the biggest decisions in life? How do we decide to get married? Have a child? Begin a new career? Start a business? How do organizations such as foundations transform themselves? Sometimes change comes from deliberate planning—a weighing of pros and cons, mapping out scenarios, looking at the different considerations (financial, practical,... Read More
I had one of my more interesting and productive meetings with two colleagues the other day. Like me, these colleagues are both executive directors of grantmaking foundations that work in our community. One has tenure of more than 15 years, and I have known him for those years and more. The other is celebrating his... Read More
Want more insights? Join author Peter J. Klein on April 29, 2025, from 2:00–3:00 pm ET for the webinar: “Tariffs? The Markets Are in Flux. What Now?” Register here. In today’s unpredictable market and economic environment, foundations face distinctive challenges in advancing their missions amid ongoing market volatility. How can they better understand this uncertainty—especially... Read More
Foundations typically approach most grants as a team sport, debating their merits and deciding, collectively, whether they’re likely to achieve the foundation’s goals. However, in addition to granting as a group, some foundations give their board and/or family members a portion of funds to donate as individuals. This practice, called discretionary grantmaking, is legally permitted... Read More
Thirteen years ago, my parents sold their telecommunications company and started a private foundation. Their earliest motivations were to avert taxes from the sale and safeguard my two brothers and me from inheriting wealth that would deter us from working for a living. For the first 7 years, on December 27, we gathered for a... Read More