Closing the Gap Between Intention and Impact Collected through FOMR data, surveys, and interviews with members, this report centers on the relevance of racial equity to our members’ mission, as well as their board and staff demographics. We also describe how racial equity relates to good governance, grantmaking, and investment practices. Why Racial Equity in... Read More
A little over 30 years ago, Pro Football Hall of Famer and venture capitalist investor Ronnie Lott and his wife Karen founded All Stars Helping Kids. Ronnie modeled his philanthropic efforts on the lessons he learned playing football and investing in technology starts-up. Much like how venture capitalists invest in startups, All Stars invests in... Read More
The law requires very little when making grants to most domestic public charities. Other than knowing a grantee’s tax status—your foundation has a great deal of flexibility. However, I regularly encounter funders, foundation staff and professional advisors who do not know this. What the Law Requires When Making Grants A few years ago, Project Streamline... Read More
In 1993, well before I left my job as CEO of Applied Materials, my wife Becky and I started our family foundation. Giving brings us joy. At the same time, we thought giving locally was important in Silicon Valley, where great need exists alongside great wealth. Becky and I wanted to identify good nonprofits and... Read More
Grant guidelines are a great way to communicate your interests and strategies to potential grantees, making it clear what you fund and how to apply. The clearer your guidelines, the more likely you are to receive grant applications that align with your interests. This will save you time in screening and responding to unsuitable proposals... Read More
A leadership succession plan is an essential source of guidance, and a commitment to organizational stability, when foundation transitions occur. Specifically, this written document identifies a course of action for when key leaders depart, whether planned or unplanned, permanent or temporary. To illustrate, consider what happened to one of our members: “Our foundation had succession... Read More