Posts tagged to 'Changes in the community/economy'
by Elaine Gast Fawcett
on April 15, 2009
“At a time like this, we need to stop investing in treasuries and bonds and start investing directly in our communities.” —Tom Parker, Hutton Foundation
As a family fund these days, you might feel like crawling into a corner and licking your endowment losses. But look on the bright side....
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...
by Virginia Esposito
on January 15, 2009
One of the many privileges of my work is the opportunity to speak with, share a little experience, and – often – sympathize with grantmaking families on a daily basis. The phones have been busy quite a bit over the last several months and, for the first time in my almost 29-year history in this work,...
by Joseph Foote
on January 15, 2009
On a sunny Sunday in November, 2008, the board of the Durfee Foundation gathered in the 48-year-old foundation’s office in Santa Monica, California. The trustees already knew that the foundation’s assets of approximately $30 million had fallen 30 percent. The talk before the meeting focused on the...
Q: How can we make sure our international grants have the most impact in times when the dollar is weak?
A: An increasing number of family foundations are giving internationally. Our 2008 Pursuit of Excellence survey discovered that 21 percent of family foundation respondents make such grants....
by Kevin Laskowski
on June 15, 2008
The American economy is being buffeted by rising food and energy prices, housing foreclosures, a credit crunch, and falling stock prices. Nonprofits are caught between two crosswinds: surging community needs and a drop in donations from individual givers—the main source of nonprofit revenue....
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By its very nature, family philanthropy tends to be a long-term endeavor. Family philanthropies that seek to effectively serve through the generations need to be flexible, resourceful, and resilient. In uncertain economic times, families must employ a variety of strategies to reinvent themselves and to...