At the Council on Foundations Annual Conference in Washington, D.C., some funders were expressing a move toward a new way of doing business with their grantees. Accountability has long been a theme in grantmaking. It has traditionally been top-down – foundations being held accountable to the people whose money they are spending and grantees being held accountable to the foundations.
Public foundations are grantmaking public charities that gain their funds from a variety of sources, which may include foundations, individuals, corporations, or public entities. Public foundations may engage in fundraising, and may seek broad public financial support. They may or may not have endowments. There is no legal definition of a public foundation, but most dedicate a significant portion of their annual budgets to grantmaking. Most community foundations are also grantmaking public charities.
Since public foundations may be defined in different ways, and there is no official IRS or legal definition of public foundations, it is difficult to arrive at statistics that are fully representative of the field.
Below is everything on our site for public foundations. You can use the filtering options on the right to narrow these results.
In this week's issue of Washington Snapshot, you'll read about:
- Community Foundation Survey
- Implications of Cantor Loss
- Impact of McCutcheon on Grantmaking
- Future Challenges and Opportunities for Community Foundations
- 2014 Annual Conference - Recap!
- Announcing New Board Members and Chair
Read all this and more online!
As a foundation whose roots trace back more than 80 years, reflection on the past is a key part of our process for moving forward. Are we staying true to the values and the intent of our late founder, Will Keith Kellogg, as we steward the resources he left to improve the lives of children and families? And can we employ new approaches to using those resources to maximize our impact on those he cared about most?
The following piece originally appeared on Forbes.com. It is written by Brad Phillips of the Institute for Evidence Based Change, a Lumina Foundation grantee.
The largest influx of veterans since the end of World War II will return to the workforce and college in the next several years. The surge is the result of military downsizing following wars in Iraq and Afghanistan and steep cuts to the Pentagon’s budget. As the nation heads into the Memorial Day weekend and seeks lasting ways to honor military service, we have some suggestions.
During the 2014 Annual Conference - Philanthropy Exchange - we will be posting blogs written by speakers and attendees. If you are interested in blogging with the Council, contact email@example.com.
I love my city of Chicago. One of my prouder moments occurred in 2010 which, to me, witnessed the manifestation of about ten years of outreach, communication, and deepening mutual respect across normative borders. It came out of years of interfaith dialogue and growing friendships.
At the end of that summer, I arrived home from my studies in Amman, Jordan to a welcome of something called “Quran Burning Day” as promulgated by some obscure preacher in Florida named Terry Jones.
“The only reason for time is so that everything doesn't happen at once.” Albert Einstein
Imagine this: a well-intended, charitably-inclined person of wealth creates a trust in the year 1514. This generous benefactor, deeply committed to an altruistic objective, funds the philanthropic cause without a sunset provision; thus, by default, potentially in perpetuity.