According to published reports there are some 80,000 foundations in the United States. They collectively expend more than $50 billion each year for charitable purposes. The IRS expects foundation managers to be conversant with the statutes and regulations as they discharge their governance and fiduciary obligations. However, the rules are exceedingly complex, resulting in an unrealistic expectation that all too often is not met.
Ten years ago this month I waddled – enormously pregnant – into a job interview with the founder of a billion dollar healthcare tech company. “I have this crazy idea about education,” he said.
With Spring Break behind us, making plans for the end of the school year and summer is in full effect...
As freshman Giovanni Rosales walks across the campus of California State University, Northridge, he observes two types of students.
Tim moved to the Derby School District toward the end of his sixth-grade year. He was withdrawn and spent most lunch hours alone in the cafeteria. Fellow students made attempts at befriending Tim, but soon found that he could not communicate with them — Tim was deaf and used sign language to communicate.
100 years. A lot happens in 100 years. Just take a moment to imagine life in 1914. An unprecedented World War was just starting. The Great Depression, the Civil Rights movement, and personal computers were still in the future. Even the science fiction of the time couldn’t predict the world of 2014.
Fifteen years ago, a dedicated group of Appalachian Ohio’s leaders recognized a significant gap in their region. Appalachian Ohio was woefully undercapitalized in philanthropic resources, making it harder for the region’s communities to address challenges and pursue opportunities. The philanthropy gap was standing in the way of community and regional progress so, leaders from across the region created the Foundation for Appalachian Ohio (FAO).
The Richmond Community Foundation began, in 2002, what was to become its largest community initiative: The Nystrom United Revitalization Effort (NURVE). The Foundation began to convene Richmond, California community residents and stakeholders through focus groups, surveys and planning charrettes to develop a vision for the Nystrom community, considered at the time one of the most violent communities in the United States.
As the third poorest city in the country, Buffalo welcomed the opportunity to say “yes” – and hope has been ignited! First-year outcomes indicate an 8-percentage point increase in high school graduation (the largest in the district’s recent history) and a 9-percentage point increase in college matriculation rates. The Community Foundation for Greater Buffalo has been central to driving this new optimism.
In southeast Indiana, bordering the Ohio River across from Louisville, Kentucky, only 25% of the workforce has an associate’s, bachelor’s, or professional degree, compared to 38% nationally. Yet one in four – over 40,000 people – of the region’s adult workers has earned some college credits. To the community foundations that serve this region, those 40,000 people represent an opportunity to increase the economic advantages of our communities, lure new businesses to our region, and enhance the quality of life for this and future generations.