Perpetuity, lifespan, and spend down

NCFP’s Strategic Lifespan Peer Network is for board members, foundation staff, advisors, and others in the family philanthropy field that are considering or have decided to spend down their assets. It is chaired by Priscilla Enriquez, Kate Ritter Repen, and Anne Marie Toccket. Meet peers in this confidential, safe space while discussing tactics, strategies, and timely questions about limited lifespan… Read More

Reductions in federal funding and social services have created immense challenges for the nonprofit sector. How are limited life foundations, and those considering spending down, responding? Have foundations reconsidered their grantmaking strategies or adjusted other core practices? For those already on the path to spend down, has the current situation affected their spend down timeline or process? Learn from the… Read More

The Clark Foundation is nearing the conclusion of its decade-long sunset strategy. The foundation, founded in 1987, began its 10-year $1.3B spenddown in 2016, partnering with organizations to educate future engineering leaders, support veterans and their families, and expand opportunities for the Washington, DC community. Currently in its final year, the foundation remains focused on ensuring that their partners have… Read More

Why did the Mighty Arrow Family Foundation decide to spend down its assets by 2040? What are the values underlining that decision? What do they hope their impact will be? Join us for a conversation with Kim Jordan, founder, and Jordana Barrack, executive director, who will share insights about the decision to sunset the foundation and lessons from the process. Hear about… Read More

The trustees of the Cedarmere Foundation decided to spend down their endowment in order to invest in the capacity building of organizations and initiatives that sustain and strengthen the nonprofit sector in Washington State. Since then, the foundation has focused on: Investing in the development, support, and sustainability of nonprofit leadership Sharing what is learned with philanthropic partners and nonprofit… Read More

What caused the Mortimer & Mimi Levitt Foundation to move from gifting six to eight percent of their total assets annually, to a decision to spend down its $150M in assets by 2041? What impact do they hope to make during that time? Join us for a conversation with Sharon Yazowski, CEO, and Vanessa Silberman, Executive Vice President on the… Read More

The Pierce Family Foundation sunsetted at the end of 2023. Why did they decide to spend down? How did they ensure they provided the most impactful support to nonprofits? Join us for a conversation with Laura Jansen, former Director of Programs and Operations at the Pierce Family Foundation, and Denis Pierce, President and Founder of the Foundation, who will share… Read More