Search results for: limited life

When Chuck Feeney decided over three decades ago to transfer virtually all his personal fortune to what would become The Atlantic Philanthropies, he said he was doing it out of a belief in Giving While Living – the idea that individuals of great means should use their money…

The foundation will have given away more than $8 billion when it shutters in 2020. Now as it spends its last millions, Atlantic is innovating better ways to leave a lasting impact. [caption id="attachment_79059" align="alignnone" width="650"] [Illustration: Sylverarts/iStock][/caption]By Ben Paynter When it was founded in…

[caption id="attachment_76672" align="alignright" width="300"] Emmett Carson, CEO of Silicon Valley Community Foundation, says foundations that aim to operate indefinitely can peacefully coexist with those that decide to spend all their assets in set period of time. Photo: Edward Caldwell[/caption] By Megan O’Neil PALO ALTO, CALIF.—Defenders…

Chuck Feeney, with Cornell University President Frank Rhodes and Ed Walsh, Limerick president, at Plassey House in 1988. From Elizabeth, N.J., where our founder, Chuck Feeney was born and raised, you can follow the Elizabeth River into New York Bay, all the way across the…

Bruce S. Trachtenberg, Advisor, Communications NetworkBy Bruce S. TrachtenbergThe idea of time-limiting foundations seems to be gaining more traction. As counterpoint, a recent Philanthropy New York program asked: “What Is the Case for Foundations Living in Perpetuity?”PNY gathered a group of three leaders of foundations…

I don’t usually use this space for organisational announcements, but we have recently made three new appointments to Atlantic’s senior staff, who together bring enormous strengths to our mission and each of whom illustrates something important about where the foundation is going in its final…

Original Source A growing number of philanthropists are adopting spending deadlines and sunset provisions for their foundations to ensure that global needs are addressed in a timely way, the Wall Street Journal reports. By giving away the bulk of their funds within a set period…

Original Source By SHELLY BANJO A growing number of philanthropists are adopting spending deadlines and sunset provisions to ensure urgent global needs are addressed in a timely way. By granting the entirety of funds within a certain period of time, these charitable efforts are looking…

Original Source While existing in perpetuity continues to be the norm for the majority of family foundations, 25 percent say they are currently undecided about their lifespan options, while 12 percent plan to limit their lifespan, a new report released jointly by the Foundation Center…

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…