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Eckerd Family Foundation (1987–projected: 2014)

Total Assets: $100,000,000 endowment

As of 2009: $20,000,000 [1]

Total Giving (2009): $6,000,000

Total Giving (2008):  $6,400,000

Prominent Grants:Giving is focused on the Florida region, including $365,000 to found the nonprofit “Connected by 25,” which helps youth aging out of foster care, between the ages of 18 and 25, and $100,000 to the Florida Juvenile Justice Foundation.

Summary: The Eckerd Family Foundation was started by Jack Eckerd, founder of the Eckerd’s Drugs store chain, with a $100,000,000 endowment. The mission of the foundation was to help troubled youth and foster children, particularly in the Tampa Bay region of Florida.

The Eckerd Family Foundation was designed from Day 1 to go out of business by spending all its money in a set period of time.

“In our case, we tried to identify three or four areas that we are really interested in, focus on those areas and see if we can make an impact within that period of time,” says Joe Clark, 62, foundation president and a son-in-law of founder Jack Eckerd.