Search results for: Spend down philanthropy

HAMILTON, Bermuda The Atlantic Philanthropies announced today that its chief executive officer, John R. Healy, will step down in September 2007. Mr Healy, who was appointed CEO for a five-year term in September 2001, has agreed to extend his term for an additional year before…

Interview with John R Healy, former CEO of The Atlantic Philanthropies Three years ago, in early 2002, a decision was made that The Atlantic Philanthropies would spend down their then almost $4 billion endowment over a period of 12-15 years. If a foundation is going…

[caption id="attachment_81715" align="aligncenter" width="620"] In 2003, Chuck Feeney signed off on a decision to spend all of his fortune in his lifetime. “Giving while living,” he called it.[/caption] By Conor O'Clery Chuck Feeney today is a man of no property. He and his wife Helga live…

By Kiersten Marek Atlantic Philanthropies’ work in the area of school discipline reform is a particularly striking example of how limited-life philanthropy can play a key role in social movements for children and youth. Atlantic Philanthropies has a large and diverse giving portfolio, covering the areas…

[caption id="attachment_83461" align="aligncenter" width="768"] Charles "Chuck" Feeney David Cantwell © Provided by Forbes[/caption] Charles “Chuck” Feeney, who cofounded retailer Duty Free Shoppers, became a billionaire and donated much of his fortune anonymously—leading Forbes to dub him the James Bond of philanthropy—has died at age 92,…

Philanthropy adapts to the Obama era. Original Source by Lauren Foster Last November, two weeks after Barack Obama was elected president, Gara LaMarche took to the podium at the annual meeting of Southern California Grantmakers. The president and chief executive of The Atlantic Philanthropies was…

The story behind The Atlantic Philanthropies’ embrace of social justice is recounted in this speech by Gara LaMarche, The Atlantic Philanthropies’ President and CEO, at the Ford Foundation Convening on Philanthropy for Social Justice and Peace in February 2009 in Cairo, Egypt. It is bracing…

By Sally Beatty Wealthy families are setting up new philanthropic foundations in increasing numbers, but they are also shutting them down at an accelerating pace. Some of the biggest names in philanthropy are backing the idea of setting a time limit on their giving: The…

The Atlantic Philanthropies named Gara LaMarche, a veteran human-rights advocate, its new chief executive officer. He faces one of the more unusual challenges in philanthropy: The foundation plans to spend its entire $4 billion endowment within 10 years and go out of business. Mr. LaMarche,…

The intensifying economic crisis slams the world of nonprofit organizations. Original Source By Eyal Press In the days between Christmas and New Year's Eve, Anthony Romero, executive director of the American Civil Liberties Union, sat at his desk in Lower Manhattan and reached out to people…