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In 2019, the Hazen Foundation’s board opted to sunset the foundation, channeling its entire corpus into communities by 2025. This move, rooted in a commitment to racial and social justice, was shaped by extensive engagement with stakeholders. A five-year spend-down strategy was crafted directly in response to grantees’ input, prioritizing multi-year general operating support and various forms of capacity-building, such as consulting, training, and peer learning.
Lori explains that this pivotal decision was driven by a profound desire to reassess and enhance the foundation’s impact. By prioritizing the perspectives of grassroots organizers and marginalized communities, the Hazen Foundation aimed to better address systemic inequities and power imbalances in philanthropy. Despite challenges, including those posed by the COVID-19 pandemic, the foundation remained steadfast in its mission to empower grantees and amplify marginalized voices.
For deeper insights into its journey and an understanding of this unique approach, explore the Hazen Foundation’s Reevaluating Practice: Reimagining Philanthropy report.
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