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Making a Big Bet: Moving From Transactional to Transformational Philanthropy
The Lerner Foundation had only been making grants for five years when the winds shifted—the board of directors decided it was time for a profound change in our priorities. Our founding purpose is simple and straightforward: “to further opportunity for the people of Maine.” Manny and Polly Lerner’s broad and hopeful intention gave us the... Read More
Let’s Be Candid About Board Succession Planning
The Wilson Foundation was started in 1963 by Joe Wilson, founder of Xerox Corporation, and his wife, Peggy. When the foundation began its most recent strategic planning process, the board represented three generations with 24 members spread across the country. We embarked on strategic planning to revisit our giving priorities, but we quickly realized our... Read More
Amy’s Story: Using Privilege to Promote Equity
As a white, wealthy person who plays an active role in AMKRF (Amy Mandel and Katina Rodis Fund)’s work, I occupy a unique position, and I am in constant reflection about who I am, how I show up, and the impacts and consequences of our work. At a personal level, I wrestle with multiple questions.... Read More
When Saying No Can Be Almost as Helpful as Saying Yes
Every nonprofit loves to hear that it received a grant or a donation. Likewise, every nonprofit hates to hear that it missed out on an opportunity for funding. But do you know what nonprofits hate the most? No answer. Sometimes as funders, we get caught up in the day-to-day hustle and bustle of our philanthropy,... Read More
The Mutual Benefit of Funding Consultant-Led Organizational Assessments
Small funders have limited grantmaking capacity and must think about how to use those funds strategically to help their key nonprofit partners. When a funder can offer a nonprofit partner a fully-sponsored organizational assessment process led by a qualified consultant, it can be an instructive experience for both the grantee and the grantmaker. Whereas larger... Read More
Bracing for Market Volatility
For the past few years, investors have enjoyed a long period of relative calm in the markets. In recent months, however, market volatility has begun to rear its head. This volatility can naturally be unnerving, but one must remember that volatility is, in fact, a normal part of the investing cycle. Those of us that... Read More
