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Sharing the Baton: One Foundation’s Perspective on Family Leadership Transitions
In an interview with Andrea Pactor of Women’s Philanthropy Institute, Exponent Philanthropy member Jane Leighty Justis, board chair of The Leighty Foundation, describes steps she and the foundation leadership are taking to educate and engage the foundation’s next generations. When Ike Leighty was in his 60s, he and a partner began a small manufacturing business.... Read More
What’s Different With a Focus?
Five years ago, The Belk Foundation looked very different than it does today. When I was asked to come on as the foundation’s first full-time director, the objective from the board was clear: help us connect this 80-plus-year-old foundation more fully into the community, so that we may better understand the impact of our grantmaking.... Read More
The Fiduciary Standard in Investment Management—Why Is It So Important?
Financial advisors who work with investment committees of foundations, endowments, and other philanthropic entities find the fiduciary standard an important component of their work. But many are actually not fiduciaries. In fact, the Dodd–Frank legislation of 2010 required the SEC to study the fiduciary standard, because there is a good deal of confusion among investors... Read More
If Only We Are Intentional
Philanthropy is changing for a host of reasons, but perhaps most of all because funders are demanding more from it. The expectation that funders will be able to achieve impact, and see that impact, changes everything. No longer are donors satisfied with the mere act of writing checks. They want to see results. Add to... Read More
Plan for Transitions Before It’s Too Late
World-class athletes do not casually approach a championship match, but rather spend years in training. Likewise, nonprofit organizations and the third-party advisors with whom they partner are now taking the same disciplined, planned approach to navigating the future—including periods of transition. Transitions can be difficult, overwhelming, and can affect everyone from staff, board, and committee... Read More
After 400 Requests for Funding, We Refined Our Grantmaking Goals in These 4 Steps
Ever thought about doing an in-house “quick and dirty” strategic plan for your giving? To be honest, I hadn’t either. But after receiving 400 requests for funding in the first year after establishing an additional focus of sustainable agriculture and food systems work, we knew we had to do something. The requests covered a wide... Read More