Balancing internal vs. external missions in family philanthropy
Families and those who work with them that are looking for ways to balance the family's grantmaking goals with their goals for the family's involvement in shared philanthropy.
What is your family’s dream for philanthropy? Are you primarily interested in achieving a particular grantmaking mission? Or are you interested in creating an opportunity for family members to come together and strengthen family ties through philanthropy and service to others? For many philanthropic families, the answer to this question is not either/or – it’s both. Join us for this in-depth conversation with two family foundations that have found successful strategies for thoughtfully defining, measuring, and tracking both their internal, family focused, and their external, community focused, missions.
Julie Fisher Cummings is vice chair of the Max M. and Marjorie S. Fisher Foundation, a $250 million endowed family foundation based in Detroit, Michigan with funding areas that include: health, culture, Jewish life, and strengthening youth and families. She is also co-founder and chairman of the Lovelight Foundation, which exclusively focuses it's grantmaking on improving the lives of underserved women and girls and is now part of the Women Moving Millions Campaign of the Women's Funding Network. Cummings has served on the boards of a wide range of nonprofits and national and community organizations, including as a current presidential appointee of the Corporation for National and Community Service, on the Board of Overseers of Mailman School of Public Health at Columbia University, and as past chair of the Council of Michigan Foundations. She recently completed a master's degree in social policy at Columbia University School of Social Work and is presently teaching a graduate level course at the University of Miami.
Doug Bitonti Stewart has dedicated his career to philanthropy serving organizations such as Michigan State University, Michigan Nonprofit Management Institute, the Arthritis Foundation, Children’s Hospital of Michigan and as Director of Development for Children’s and Women’s Health at the University of Michigan Health System.
In early 2007, Doug became the first Executive Director of the Max M. & Marjorie S. Fisher Foundation. In his position Doug has the privilege of helping the Fisher family further their philanthropic legacy by working with partners making the most meaningful impact to strengthen and empower children and families in need.
In 2014, twenty-two years after receiving his undergraduate degree in Finance from Michigan State University, Doug graduated Summa Cum Laude with a Master of Business Administration from the Max M. Fisher College of Business at The Ohio State University.
Linda Tracy is a Program Associate for the Tracy Family Foundation which supports charitable institutions focused on education, youth and families and leadership. She works on family engagement, the education initiatives and serves as the advisor for their Next Gen Advisory Board. For 4 years she served as a trustee on TFF’s board and now serves on the board of Youth-In-Need. Linda and her husband have 5 children and 49 Tracy family nieces and nephews.
What participants said:
Just the validation, inspiration and idea-generation we needed, thank you!
This is a very critical issue right now as our family foundation grapples to determine a balance and building consensus, and I found it very helpful to hear about what others have successfully been able to do defining both an internal and external mission. I think sharing the resulting link to this webinar will be very helpful!
It was helpful for me to see how you measure family engagement and how you have created incentives for participation.
Timely topic for us - great concrete examples as well as what we can do now and in future.
Well organized and engaging. I was surprised but rotating back and forth between presenters went really well and made it more engaging than a typical webinar.
The speakers were wonderful. All three did a spectacular job sharing their insight and experience. I felt they had a thorough understanding of the field and provided relevant and interesting information.