The Power of Urgency: Options for Spending Down and Limited Life Foundations

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Throughout 2013, NCFP has taken an in-depth look at transitions that occur in giving families and family foundations. Our November webinar will look at the unique issues involved in spending down a foundation’s assets. The webinar will feature the stories of the Eckerd Family Foundation, which was established as a limited life foundation from the outset, and the Irwin Sweeney Miller Foundation, whose board of third generation Miller family members made the decision to spend down the foundation more than 50 years after its founding. The webinar will also feature the advice and perspectives of Tony Proscio, a philanthropy writer and researcher who is chronicling the spend down activities of the AVI CHAI Foundation and Atlantic Philanthropies. This conversation will provide a fascinating look at the advantages and disadvantages of the limited life approach, both for the community of grantees and for family members themselves. Even if your family is not currently considering the limited life option, the strategic approaches taken by the boards of these foundations to achieve their goals will offer many valuable lessons and insights.

Featured Speakers

Alice Buhl

Alice Buhl

Alice Buhl served as Senior Fellow to the National Center for Family Philanthropy from 2004 to…

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Joseph W. “Joe” Clark

Joseph W. “Joe” Clark served as president of the Eckerd Family Foundation from its inception in 1998 until…

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Tony Proscio

Tony Proscio

Tony Proscio is a consultant to foundations and major nonprofit organizations on strategic planning, evaluation, and…

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What others have said...

It was helpful to hear that foundation spending down is not a failure but a strategic impact decision; “sunrise not sunset.”

Anonymous

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