Search results for: Limited Life Philanthropy

New America Media/Northwest Vietnamese News, News Feature, Julie Pham,Part 2 of 2. Read part 1 here.At the Vietnamese Senior Association (VSA) in Seattle, Marie Thu Le, 75, confessed that “When my time comes, I don’t want to be dependent on machines. I don’t want to be…

The Republic of Ireland needs more philanthropists, who in turn can make a lasting difference in their country, said Colin McCrea, Senior Vice President at The Atlantic Philanthropies, in this speech at the Dublin City University Leadership Circle Dinner. Introduction Ladies and Gentlemen, President Ferdinand…

[caption id="attachment_83351" align="aligncenter" width="361"] Atlantic Fellows at the Atlantic Institute.[/caption] September 14, 2021 Dear Friends, One year ago today, Chuck Feeney signed the documents to dissolve the 38-year-old Atlantic Foundation that he founded to distribute his entire business fortune to improve the lives of others. …

Illustration: Flickr user Martin FeemsterBy Tony ProscioThe idea of limiting the lifetime of a foundation has become so popular (at least in the financial media, and evidently among many newer philanthropists) that the foundation trade group Philanthropy New York recently felt it worthwhile to hold a seminar…

Are foundations with set periods for spending down their assets more effective as grantmakers than their peers who are established to exist in perpetuity?

On a mellow California afternoon earlier this month, I drove a few hours up the coast from Los Angeles, where I’d been on a panel at the annual meeting of the Center for Effective Philanthropy, to spend some time with one of the most influential…

Almost a decade ago, Joel Fleishman, director of the Center for Strategic Philanthropy, got a call from a foundation that had recently decided to expend its endowment and complete its grantmaking within 12-15 years. The foundation was asking for his help in collecting and synthesizing…

By Nicole RichardsChristopher G. Oechsli, President and CEO of US billionaire Chuck Feeney’s The Atlantic Philanthropies on why philanthropy is a force multiplier, the difference between ‘venture’ and ‘adventure’ philanthropy, and lessons learned from a limited life foundation.“It’s a real honour to talk about a…

The limited-life foundation–where big donors pledge to spend all their money in a certain short period of time–offers the potential for a bigger immediate impact at the expense of longevity.

This post by Maria Pignataro Nielsen, Atlantic's Chief Human Resources Officer, is part of GrantCraft's "Making Change by Spending Down" series. Although Atlantic is often referred to as a “spend down” foundation, we think of ourselves as a limited life foundation, with our final years…