Winding Down The Atlantic Philanthropies: 2009-2010: Beginning the Endgame

Tony Proscio


Download Report


This is the second in a planned series of reports on the concluding years of The Atlantic Philanthropies, the largest endowed institution ever to decide to put all its charitable assets to use in a fixed period of time and then close its doors. The report covers events from late 2009 to early 2011, some five to six years before Atlantic expects to make its last grant commitments. In the late months of 2011, the Foundation underwent a significant leadership transition, which brought both a new chair and a new CEO, along with other consequences that are still unfolding as the report goes to print. For the most part, those changes were not contemplated at the time events in the report took place and therefore do not play a role in the story it tells. Instead, the report seeks to give an account of Foundation activity as it was understood at the time, from the perspectives of people then leading the institution.


Proscio, Tony, 2012. Winding Down The Atlantic Philanthropies: 2009-2010: Beginning the Endgame. Durham, NC: Center for Strategic Philanthropy and Civil Society, Sanford School of Public Policy, Duke University.

Blog Posts

More on time, value, and time limits

February 19, 2018

A new report applies a theory of time and value in philanthropy to three real cases, to see how a foundation could decide whether to operate with a limited life, based on the amount and kind of value it hopes to create.


Oct 05

Rip Rapson
President and CEO
The Kresge Foundation