The popularity of time-limited philanthropy, which appears to be growing, runs especially high among two groups of foundation leaders. The first is living donors, many of whom want to see their money put to use in their
Category: Time Limited Philanthropy
Foundations have several ways of deciding whether to operate forever or to put all their resources to work in a limited time. Most of the rationales have to do either with the founder’s wishes (some want to
Leadership changes, strategic reviews, the closing of some programs and a fresh emphasis on others — all these are part of the normal cycle at just about any foundation. They may feel momentous at the time, but
On June 6-7, 2012, the Center hosted a meeting in Washington D.C. for representatives of foundations that are in the process of spending down their assets.
The meeting grew out of work that Center faculty chair Joel
For the past two years, the Center has been documenting the process of spend-down at two major foundations. Joel Fleishman has been following events at AVI CHAI and Tony Proscio those at The Atlantic Philanthropies.
Even under normal circumstances, it can be tricky for foundations to change a grantmaking strategy once it’s launched (hence all the learned writing on “mid-course correction” and “exit strategies,” which has provided a generation of consulting fees