Posts tagged to 'Spend down/limited life foundations'
by Catherine Brozowski
and Lois Mitchell
on April 1, 2016
In 2000, The Orfalea Foundation was started in Santa Barbara, California. The foundation carried forward the same entrepreneurial spirit of the business through its philanthropy. Orfalea’s legacy stands for bold and at times even aggressive approaches to helping alleviate some of the pressing social problems in Santa, Barbara, including early childhood education, school nutrition, and disaster preparedness. The foundation engaged in deep working partnerships, comprehensive initiatives, and transformative impact in the community because we believed that through partnerships we could tackle big challenges facing our neighborhoods.
For much of the 20th century, the vast majority of U.S. foundations operated under the assumption that they would be in business forever. However, as a new generation of family philanthropists take over — and families contemplate just how long forever actually lasts — a growing number are deciding that they would rather spend down their assets during a set period of time than manage their endowments in perpetuity.
Editor’s Note: The National Center is delighted to partner in 2013 with the Bridgespan Group to share videos from its Conversations with Remarkable Givers series. In this month’s installment, we feature Bridgespan’s interview with Charles Bronfman, son of Seagram Company founder and philanthropist...
by Susan Crites Price
on April 11, 2009
With a tough economy comes tough decisions. That was true for the Pottruck Family Foundation board, which dissolved the foundation effective Jan. 30, 2009. As their assets shrank in the declining markets of 2008, the family decided that by shifting their philanthropy to a donor-advised fund, they could...
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by Kevin Laskowski
on May 15, 2008
At this month’s Council on Foundations Philanthropy Summit, foundation representatives from around the world gathered to discuss of one of the hottest emerging issues in family philanthropy: the question of perpetuity.
“For most of the history of private foundations, perpetuity was not a much discussed...