Weekly Reads
“Starting in 2016, we made significant changes in how we fund. A core part of this investment was through the BUILD program, which offers five-year general operating support coupled with institutional strengthening funds. From the start, BUILD committed a minimum of 40 percent of Ford’s grantmaking to these forms of investments.” [more]
Luc Athayde-Rizzaro and Bess Rothenberg, Ford Foundation, for The Center for Effective Philanthropy
“As part of our deeper learning about social justice and anti-racism, our staff members and board are shifting toward a more integrated approach in which we are learning together, across different roles within the foundation and across different program areas. Our issues are interrelated, and as the proverb goes, if we want to go far, we must go together.” [more]
Don Chen, Surdna Foundation, for the National Center for Family Philanthropy
“Any foundation has the power to decenter itself—to ask questions about what society really needs, philanthropic preservation, or community investment. The answer is clear—society needs the resources that you steward. Society needs us to show courage, break fake rules, and move resources without concern for legacy, perpetuity, or long-term impact with us at the center.” [more]
Mari Shimabukuro and Glen Galaich, Stupski Foundation, for Northern California Grantmakers
“Spend more assertively. At the start of this year, charitable foundations in the United States found themselves with nearly $1.5 trillion in assets. ... I strongly encourage more foundations to go beyond the required 5 percent disbursement rate in the United States and Canada, as we have.” [more]
Mark Suzman, Bill & Melinda Gates Foundation, for The Chronicle of Philanthropy
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