Transforming Foundations, Part One:
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This is the first of a two-part series on transforming foundations for the 21st century. It is an important essay, one of the most thoughtful and needed perspectives published recently by the Nonprofit Quarterly. Foundations need to rethink their structure, organization, and giving policies if they are to make the contributions needed for change in our time. Please pass this on to your colleagues and friends.
“The Heron Foundation has long been an influential philanthropic player on the national scene. Its board’s historic advocacy on the use of philanthropic assets as mission related investments (MRIs) has been central to discussions of how to approach the full deployment of assets in pursuit of goals. Now, in this two-part series, Clara Miller, the foundation’s president, lays out in detail the ways that ideology and practice fit together in this foundation’s still evolving and historically ambitious engagement with the larger economy. In our opinion, this is a must-read for those serious about philanthropic impact.”
The Creative Apothecary Encourages Foundations to Transform Themselves!