Innovation Through Competition
Thursday, October 14, 1:30 p.m. Performance prizes confer pride, prestige, and purse money—all of which are powerful drivers of innovation. In 1919, Raymond Orteig offered $25,000 to the first person to fly nonstop from New York to Paris; eight years later, his challenge motivated Charles Lindbergh’s historic flight across the Atlantic. Fast forward to 2004, when another performance competition—the Ansari X Prize—launched the private spaceflight industry. Today, under the leadership of Peter Diamandis, the X-Prize Foundation fosters revolutionary innovation through competition. Diamandis will describe the challenges, opportunities, and lessons learned from a new generation of performance philanthropy—and consider the limitations of the prize competition model. Meanwhile, competition is underway this summer at the Michigan International Speedway for the Progressive Automotive X Prize, and this September $10 million in prizes will be given to teams producing cars with a 100-mile-per-gallon-equivalent engine that also meet rigorous range, performance, and safety standards. Other ongoing competitions include the Archon X Prize for Genomics for sequencing 100 human genomes in 10 days, the Wendy Schmidt Oil Cleanup X Challenge, and the Google Lunar X Prize for sending a robot to the moon. Join us as we examine performance prizes as an example of the distinctive competence of philanthropy in conducting bold, transformative experiments.
- Peter H. Diamandis, chairman and chief executive officer, X Prize Foundation
- David Morse, vice president for communications, Robert Wood Johnson Foundation (Introducer)
Creating Sanctuary States for Philanthropic Freedom
Thursday, October 14, 3:15 p.m. Challenges to private philanthropy are often presented as federal issues, but states are just as important an arena. States have authority over matters such as organizational governance and operations. They are also the target of attention from deficit-saddled legislators looking for revenue and interest groups seeking more funding for their causes. But some states are recognizing the tremendous benefits that philanthropy brings to their communities, and are trying to attract new donors and generate even more giving. The Alliance for Charitable Reform (ACR) recognizes both these challenges and opportunities. This session will explore threats donors face in states and the efforts of ACR to work with the philanthropic and public policy communities to protect philanthropic freedom and encourage private charity. These issues will be illustrated through case studies of efforts in Florida and Virginia to preserve private decision making for private giving.
- J. Robert McClure III, president and CEO, James Madison Institute
- David Odahowski, president and CEO, Edyth Bush Charitable Foundation
- John Thrasher, senator, Florida State Senate
- Sue Santa, senior vice president for public policy, The Philanthropy Roundtable (Moderator)
Debt of Honor: Four Strategies for Supporting the New Generation of Wounded Warriors
Thursday, October 14, 3:15 p.m. After nearly 10 years of combat, some 18,000 American soldiers, sailors, airmen, and marines have been seriously injured in action. Across the country, grateful citizens are exploring ways to support this new generation of wounded warriors. As chairman and CEO of the Fisher House Foundation, Ken Fisher helps to provide the families of hospitalized service members with transportation and housing, free of charge, so they can help their loved ones recuperate. Martin Edelman is a trustee of the Intrepid Fallen Heroes Fund, which has built two world-class, state-of-the-art medical facilities for recently wounded service personnel. Meanwhile, at the Entrepreneurship Bootcamp for Veterans with Disabilities, Michael Haynie is helping injured post-9/11 veterans launch their own business ventures. And Steven Nardizzi, executive director of the Jacksonville-based Wounded Warriors Project, works to honor and empower wounded veterans through a wide range of direct service programs. Four strategies, one goal: repaying a grateful nation’s debt of honor.
- Ken Fisher, chairman and CEO, Fisher House Foundation
- Martin Edelman, trustee, Intrepid Fallen Heroes Fund
- J. Michael Haynie, executive director, Entrepreneurship Bootcamp for Veterans with Disabilities
- Steven Nardizzi, executive director, Wounded Warriors
- Ana Thompson, executive director, Charles and Helen Schwab Foundation (Moderator)
Culture and Character: How K–12 Schools Form Their Students—for Better or for Worse
Thursday, October 14, 3:15 p.m.Whether or not they intend to, schools shape the character of their students—cultivating the worldviews and habits of mind and heart that will shape a young person’s life much more than his or her state achievement test score. Character education, schools learn, cannot be attached to a curriculum or imparted through a course; rather, it is built into the structures and practices of daily learning. At this session, James Davison Hunter of the University of Virginia will discuss how institutions shape moral character, for good or ill. Samuel Casey Carter, author of On Purpose: How Great School Cultures Form Strong Character, will offer examples of schools where a strong, intentional culture results in strong kids. And Daniel Scoggin will share how Great Hearts Academies in Phoenix provides moral formation through a rigorous liberal arts curriculum.
- Samuel Casey Carter, president, CfBT USA and author of On Purpose
- James Davison Hunter, LaBrosse-Levinson Distinguished Professor of Religion, Culture, and Social Theory, University of Virginia
- Daniel Scoggin, chief executive officer, Great Hearts Academies
- James Rahn, Kern Family Foundation (Moderator)
On Their Honor: Philanthropy and the Future of Scouting
Thursday, October 14, 7:00 p.m. This year marks the 100th anniversary of the Boy Scouts of America. For the past century, Scouting has forged the character of young men, molding them for active citizenship, and refining their ability to be—in the words of the Scout Law—trustworthy, loyal, helpful, friendly, courteous, kind, obedient, cheerful, thrifty, brave, clean, and reverent. To celebrate the centennial, Chief Scout Executive Robert J. (“Bob”) Mazzuca will describe the Boy Scouts’ core values and principles, their greatest achievements—and their greatest challenges and opportunities in the 21st century. How can the Boy Scouts attract more African-American and Hispanic youths, especially in neighborhoods without many father figures? How can the Boy Scouts build on their long tradition of outdoorsmanship in an environmentally conscious age? How can Scouting best compete for youth attention in an age of round-the-clock consumer electronics and year-round sports teams? And what are the principal threats to the independence of Scouting? Join Mr. Mazzuca as he describes how the Boy Scouts of America are preparing to carry on their mission in the next 100 years.
- Robert J. Mazzuca, chief scout executive, Boy Scouts of America
- Linda Childears, president and CEO, Daniels Fund (Emcee)
- Stephen Friess, trustee, Lynn and Foster Friess Foundation (Invocation)
- P. Russell Hardin, president, Robert W. Woodruff Foundation (Introduction)
Funding Campus Centers for the Study of Capitalism
Friday, October 15, 8:00 a.m. One of the indelible images of the bailout era is that of finance and industry CEOs, arrayed at a table in a congressional hearing room, beseeching lawmakers for cash and special privileges, or abjectly apologizing for lawful business practices. Still more business leaders have sought to secure advantages by manipulating policy or through rent-seeking. John Allison, the retired chairman of BB&T, thinks that business leaders need a higher ideal. Recognizing the importance of cultivating the ideals of honest, competitive enterprise in future leaders, the BB&T Charitable Foundation has provided grants for the study of the moral and intellectual underpinnings of capitalism and free enterprise at 60 colleges and universities. The program funded new undergraduate and graduate level courses on the ethical and moral foundations of capitalism as an economic system, business school professorship endowments, certificate programs in free enterprise and ethics, and research and lectures on the moral foundations of capitalism. Mr. Allison will discuss how these programs are cultivating a new generation of principled business leaders.
- John A. Allison, retired chairman and CEO, BB&T Corporation
Restoring Habitat in the Gulf of Mexico
Friday, October 15, 8:00 a.m. The wetlands along the Gulf of Mexico are one of America’s most precious natural resources. Thousands of species call them home; the rich marine life supports a multibillion-dollar fishing and shrimping sector. Moreover, healthy wetlands serve as a natural buffer protecting low-lying cities like New Orleans from deadly hurricane storm surges. The BP oil spill in the Gulf poses a big threat to these habitats—one which Ducks Unlimited (DU) is uniquely positioned to answer. With its track record in performing damage assessment and conducting habitat restoration, DU has conserved more than 250,000 acres in the Gulf coastal zone. Dale Hall will describe the new challenges that DU is facing in the wake of the oil spill, including the risks that ducks, geese, and other migratory birds may face in coming months; the importance of accelerating both short- and long-term Gulf Coast marsh restoration plans; and the coordination of these challenges in waterfowl science, wetlands restoration, and public policy through DU’s Gulf Coast Response Team.
- H. Dale Hall, chief executive officer, Ducks Unlimited
The Blessings of Citizenship
Friday, October 15, 8:00 a.m. With a message of American patriotism and “E Pluribus Unum” civil religion, Chicago’s Saul Alinsky-inspired United Neighborhood Organization (UNO) has used a grass-roots army of volunteers to enable more than 80,000 legal Hispanic immigrants to pass the American citizenship test. Many of the new citizens are parents whose children attend UNO’s network of nine charter school campuses, including their Veterans Memorial Charter School, a campus of three schools each named after Hispanic war veterans. Students are introduced to American culture as part of UNO's civics program that supports the successful assimilation of immigrant families as they transition into broader American society.
- Juan Rangel, chief executive officer, UNO
Youth Development: How Four National Organizations Teach Character and Citizenship
Friday, October 15, 9:00 a.m. In these troubled times, our youth need all the encouragement and support we can provide to help them build healthy lives. Healthy, responsible young people are key to healthy communities, a healthy society—and to the future of our country’s economic development and environmental sustainability. During this session, four leaders of top youth organizations, each of which has a unique approach, will share the challenges they face, their best practices, the obstacles they overcome, their future strategies, and the multi-dimensional role of philanthropy in their work. Karen Mathis leads Big Brothers Big Sisters of America, which fosters one-to-one mentoring relationships with role models to help children realize their potential and build their future. Under the leadership of chief scout executive Robert J. Mazzuca, the Boy Scouts of America raises up future leaders through a values-based program designed to build character by training youth in the responsibilities of citizenship and developing their personal fitness. Neil Nicoll, the YMCA’s president and CEO, advocates promoting values and positive behaviors through active community engagement, especially regarding youth development, health, and civic responsibility. And as president and CEO of the Boys and Girls Clubs of America, Roxanne Spillett builds life-enhancing programs based on ongoing relationships with caring, adult professionals in safe environments to foster character development, hope, and opportunity for today’s youth. Four different strategies focused on a common goal: healthy young people.
- Karen Mathis, president and chief executive officer, Big Brothers Big Sisters of America
- Robert J. Mazzuca, chief scout executive, Boy Scouts of America
- Neil Nicoll, president and chief executive officer, YMCA
- Roxanne Spillett, president and chief executive officer, Boys & Girls Clubs of America
- S. Dillard Kirby, president, F. M. Kirby Foundation Inc. (Moderator)
Right, Left, and Center: Why They Each Have a Stake in Philanthropic Freedom
Friday, October 15, 9:00 a.m. Right, left. Democrat, Republican. Conservative, liberal. Public debate is too often and too easily framed by predictable, binary categories. But there is one topic that unites Americans from across the political spectrum: philanthropic freedom. Donors increasingly recognize that, whatever their ideological perspective, activist groups, legislators, and regulators can hinder their ability to achieve their charitable objectives. In this session, three leading thinkers will share their perspectives on why the preservation of philanthropic freedom transcends ideology and party. Join William Kristol, editor of the Weekly Standard, Claire Gaudiani of New York University and author of the recently published Generosity Unbound, and Jane Wales of the Aspen Institute and the Global Philanthropy Forum as they discuss an ideological imperative that rises above ideological categories: philanthropic freedom.
- Claire Gaudiani, professor, New York University
- William Kristol, editor, Weekly Standard
- Jane Wales, vice president for philanthropy and society, and director, Program on Philanthropy and Social Innovation, Aspen Institute
- Michael Grebe, president and chief executive officer, Lynde and Harry Bradley Foundation (Moderator)
The Biggest Mistakes You Can Make When Choosing Board Members
Friday, October 15, 10:30 a.m. When setting up your foundation, choosing board members may be the most important decision you make. No matter the legal framework you choose, no matter the checks and balances you institute in your founding documents: Foundations are human institutions. They embody the strengths and weaknesses of the men and women who govern and run them. With the right set of trustees, your foundation can function as you intend, even if the safeguards for preserving donor intent are less than ideal. With the wrong trustees, even a superior legal structure for upholding your legacy can prove disastrous. Veteran philanthropic advisor Jeffrey Cain, himself a foundation board member, has helped donors with decisions about board members. In this session, he will offer guidance in how to think carefully about the selection of your trustees—and how they will perpetuate themselves after you’re gone.
- Jeffrey J. Cain, president and executive director, Arthur N. Rupe Foundation
Philanthropic Strategies for Advancing Entrepreneurship
Friday, October 15, 10:30 a.m. Every year, 14 million people in America launch a new business. Within 10 years, 70 percent of them will fail. Given the vital role that new businesses play in job creation— companies less than five years old created nearly two-thirds of net new jobs in 2007—how can their success rates be improved? Jeff Sandefer, a serial entrepreneur who has started five companies, founded the Acton School of Business where he and other entrepreneurs teach aspiring entrepreneurs the skills they need to be successful in running their own companies. Mr. Sandefer is now taking Acton’s award-winning entrepreneurship program to scale, using technology to tap into the master-teaching potential of thousands of entrepreneurs. Meanwhile, the Kauffman Foundation, whose founder embraced enterprise building as one of the most effective ways to realize individual promise and spur the economy, engages in a broad array of programs to advance the study and practice of entrepreneurship. Dane Stangler will describe Kauffman’s strategy to accelerate economic growth by promoting entrepreneurship—through such initiatives as Kauffman Labs for education entrepreneurs, the iBridge Network connecting academic researchers with venture and angel capital, the University of Miami’s LaunchPad career services for aspiring entrepreneurs, the MIT Venture Mentor Service Outreach Program, and the "Law, Innovation, and Growth" research initiative.
- Jeff Sandefer, master teacher, Acton School of Business, and board member, The Philanthropy Roundtable
- Dane Stangler, research manager, Ewing Marion Kauffman Foundation
- Jo Kwong, director of philanthropic services, The Philanthropy Roundtable (Moderator)
The Congressional Outlook for Philanthropy in 2011
Friday, October 15, 10:30 a.m. The 111th Congress has presided over one of the most turbulent legislative sessions in recent memory. A historic economic recession that led to massive expansion of government spending, coupled with sweeping new laws on health care and banking—for good or ill, it has been a historic Congress. Philanthropy has been touched by all of this. What are the implications of the upcoming November elections for philanthropy? What is the future of the charitable deduction? The estate tax? Proposals to create a congressional advisory council of nonprofit leaders? Congressional and policy experts will explore competing pressures for the next two years on Capitol Hill, and they will take us down the campaign trail to consider how the November elections may affect the nonprofit sector—and philanthropic freedom.
- Scott A. Hodge, president, Tax Foundation
- Honorable Jim Ramstad, senior advisor, Alliant Group
- Sandra Swirski, co-founder, Urban Swirski & Associates (Moderator)
How To End Teacher Tenure
Friday, October 15, 10:30 a.m. Rubber rooms. They’re where the worst public school teachers, fired by their districts but encased in arcane tenure regulations, while away the years as their unions exhaust nearly limitless appeals. In the U.S., fewer than 1 percent of teachers are fired—even as 1.2 million students drop out each year, or 7,000 each school day. Teacher tenure has school reformers in a rubber room of their own, and ending teacher tenure as we know it is one of the top priorities on the school reform agenda. In some breakthrough districts, like Houston, teachers can now be removed for poor teaching performance. D.C. Public Schools Chancellor Michelle Rhee successfully negotiated a new teacher contract allowing teachers to give up tenure in exchange for significant raises. And in Florida, activists and legislators pushed the abolition of tenure to the Governor’s desk, where it received an unexpected veto. In other words, teacher tenure is on the ropes, and donors are uniquely positioned to knock it out. Experts will discuss concrete strategies for tackling teacher tenure and identifying and rewarding great teachers who truly get the job done—that is, ensuring all students achieve at high levels.
- Richard Berman, executive director, Center for Union Facts
- Timothy Daly, president, The New Teacher Project
- Patricia Levesque, executive director, Foundation for Florida's Future
- Joe Williams, executive director, Democrats for Education Reform
- Lori Fey, director of policy initiatives, Michael & Susan Dell Foundation (Moderator)
Sleeves Rolled Up: How Three Families are Re-shaping K–12 Education
Friday, October 15, 12:00 p.m. The three entrepreneurs behind some of America’s most iconic brands—the Gap, Wal-Mart, AutoZone—built their businesses with a talent for finding and incubating new opportunities. And when it comes to philanthropy, that talent runs in the family. Doris and Donald Fisher and the Fisher Fund scaled promising programs like KIPP and Teach For America into K–12 superstars. The Walton Family Foundation, rooted in empowering parents to choose the best educational options for their kids, has cultivated high-quality alternatives to traditional urban schools. And the Hyde Family Foundations, led by Pitt and Barbara Hyde, doubled down in their hometown of Memphis, building a critical mass for better teaching and better schools that is beginning to see big improvements—attracting yet more philanthropic capital. And now, leaders of these three philanthropies— John Fisher of the Doris & Donald Fisher Fund, Barbara Hyde of the Hyde Family Foundations, and Carrie Walton Penner of the Walton Family Foundation—will speak at The Philanthropy Roundtable’s Annual Meeting about what they’re going to do next. These philanthropic leaders represent an engaged and hard-working approach to philanthropy, designing strategies, spotting talent, and supporting programs for the long run. They incubate meaningful change, just like the entrepreneurs who amassed their charitable fortunes. Mr. Fisher will offer a perspective on the Fisher Fund’s support for taking KIPP and other high-performing charter networks to scale. Ms. Hyde will speak about how a comprehensive city-based focus can yield big results. And Ms. Penner will address the Walton Family Foundation’s work to empower parents to choose high-performing schools and insert competition into public education, especially in low-income communities. Three different approaches, all with a shared vision for the future of American education.
- John Fisher, Doris & Donald Fisher Fund
- Barbara Hyde, president, Hyde Family Foundations
- Carrie Walton Penner, trustee, Walton Family Foundation
- Chester E. Finn Jr., president, Thomas B. Fordham Foundation (Moderator)
A Matter of Degree: Boosting College Completion
Friday, October 15, 2:00 p.m. This fall, 1.2 million students will begin work on a bachelor’s degree. More than 40 percent of them—some 480,000 students—won’t complete it. At community colleges, nearly 70 percent won’t complete a degree. These outcomes are even worse for black, Hispanic, male, low-income, and first-generation college students. For decades, philanthropists have focused on increasing college access, to great effect. The new frontier is college success. Some donors are changing the incentives for graduation—for both students and colleges. Others are focusing on creating a culture of college success and increasing academic rigor among the student populations most at risk of dropping out. Some donors are targeting at-risk students before they even enter college. And many foundations have invested over $100 million in Achieving the Dream, a nationwide community college student success initiative. Leading donors and experts will discuss how to raise the temperature on college success—one degree at a time.
- George Grainger, senior grant officer, Houston Endowment
- Robert Jackson, faculty member, Student African American Brotherhood
- Mark Schneider, vice president for new education initiatives, American Institutes for Research
- Cynthia Rivera Weissblum, president and CEO, Edwin Gould Foundation (Moderator)
Too Good to Be True: Can Tech-Enabled Learning Boost Student Achievement and Reduce Costs?
Friday, October 15, 2:00 p.m. Many experts argue that the $60 billion spent on retrofitting America’s K–12 classrooms with technology over the past two decades has done very little to boost student achievement. But is that still the case? Are online courses, hybrid schools, and teacher productivity tools just the next iteration of “a computer in every classroom” and closed-circuit TV—or will they spark a fundamental transformation in the way students learn? Join four education entrepreneurs as they showcase their new technology-enabled learning solutions and make the case for why this generation of K–12 technology will deliver on its promise to dramatically increase student learning and reduce costs. Donors then can consider their role in expanding the impact of the most promising solutions and decide for themselves: is this really the future of learning, or just another fad?
- Jeff Hausman, executive director and founder, Jesuit Virtual Learning Academy
- Anthony Kim, president, Education Elements
- Joel Rose, chief executive officer for School of One, New York City Department of Education
- Joy Smith, vice president for content development and innovation, Florida Virtual School
- Michael Petrilli, vice president for national programs and policy, Thomas B. Fordham Foundation (Moderator)
William E. Simon Prize for Philanthropic Leadership Dinner
Friday, October 15, 7:00 p.m. Roger Hertog is in the business of big ideas. A pioneer in the investment research industry, he devoted nearly four decades with Sanford C. Bernstein & Co. to leading systematic research into the underlying causes of current events. That determination to understanding the world as it really is led Mr. Hertog to a deep engagement with the life of the mind. His philanthropic commitments support think tanks, higher education, school choice, and civic causes and organizations in New York City and around the country. Mr. Hertog funds the honors college at the City University of New York, the Alexander Hamilton Center for Political Economy at NYU, a program on national security and the law at Columbia Law School, grand strategy programs at Duke and Wisconsin, a program on American ideals at Princeton, and an undergraduate summer program in political thought in Washington, D.C. In his capacity as chairman of the Tikvah Fund, Mr. Hertog works to promote serious Jewish thought about the enduring questions of human life and the pressing challenges confronting the Jewish people. Tikvah supports programs including centers at NYU Law School, Princeton, the University of Toronto, as well as the Shalem Center in Jerusalem. More recently, Mr. Hertog has sponsored archeological digs in Jerusalem, including a recent effort that may have discovered King David’s Palace. Join us as we honor Mr. Hertog with the William E. Simon Prize for Philanthropic Leadership.
- Roger Hertog, president, Hertog Foundation and chairman, Tikvah Fund
- William Kristol, editor, Weekly Standard (Introducer)
- Louise Mirrer, president and CEO, New-York Historical Society (Tribute)
- James Piereson, president, William E. Simon Foundation (Emcee)
Mission Possible: Writing an Effective and Enduring Mission Statement
Saturday, October 16, 9:15 a.m. Writing a mission statement can be a daunting task. Donors want to provide useful guidance—but not unduly constrain their trustees’ ability to adjust to new circumstances. They want to create a strong check against organizational drift—but not to the exclusion of acting on new opportunities. Kim Dennis of the Searle Freedom Trust and Linda Childears of the Daniels Fund have extensive first-hand experience working with mission statements. Ms. Dennis worked directly with Daniel C. Searle as he methodically drafted and refined the terms of his philanthropic legacy. Ms. Childears, meanwhile, worked closely with the board of the Daniels Fund to understand, define, and institutionalize the intentions expressed in founder Bill Daniels’ mission statements. In this conversational and participatory session, Ms. Childears and Ms. Dennis will discuss what they have learned—what their founders did well, and what they could have done better—about writing an effective and enduring mission statement.
- Linda Childears, president and CEO, Daniels Fund
- Kimberly O. Dennis, executive director, Searle Freedom Trust
Philanthropy and the Future of the Energy
Saturday, October 16, 9:15 a.m. It has been 150 years since Edwin Drake sank a drill and dive pipe 70 feet below the Pennsylvania topsoil, discovering a way to pull crude oil from the earth. Since then, petroleum has fueled the modern economy. Has the time come for a new era of energy innovation? Jim Woolsey, former CIA director, squares off against AEI scholar Steve Hayward in a wide-ranging debate about philanthropy and the future of energy. Woolsey has long advocated, on national security grounds, moving away from dependence on petroleum; he has also been a strong champion of plug-in hybrid electric vehicles and flexible-fuel requirements for auto engines. Hayward favors energy resiliency policies that include expansion of nuclear power, the electric grid, and domestic oil and gas drilling. Come hear our speakers address and debate issues of climate change, energy security, accidents (such as oil spills), alternatives to petroleum, and the potential for advances in the technology of energy production and fuel efficiency—as well as the distinct competency of philanthropy in funding alternative energy research and public policy education.
- Steven F. Hayward, F. K. Weyerhaeuser Fellow, American Enterprise Institute (AEI)
- R. James Woolsey, chairman, Woolsey Partners LLC
- David Riggs, vice president, programs and operations, John William Pope Foundation (Moderator)
Private Foundations and Transparency: What is Healthy for Our Sector?
Saturday, October 16, 9:15 a.m. To some, transparency is a universal good. To others, it’s an unwelcome intrusion into private decision-making. But what does “transparency” really mean? When does it lead to a healthy philanthropic sector, and when does it reach too far? Led by moderator John Tyler of the Kauffman Foundation, this panel will explore some of the fundamental questions donors should consider when they hear calls for transparency. What is the balance between transparency and privacy—for both individual donors and philanthropic organizations—and are there different considerations depending on the size, scope, or type of organization? When is disclosure of information strategic and meaningful versus disruptive or misleading? And what if proponents of transparency are using the language of “best practices” to mask underlying objectives?
- Darin McKeever, senior program officer, Bill & Melinda Gates Foundation
- Andrew Schulz, deputy general counsel, Council on Foundations
- Bradford K. Smith, president, Foundation Center
- John Tyler, vice president and corporate secretary, Ewing Marion Kauffman Foundation (Moderator)
Spending Down vs. Perpetuity: How to Achieve Your Charitable Objectives
Saturday, October 16, 10:45 a.m. There are many strategies for preserving donor intent, but only one that’s a virtual guarantee: spending down. Advocates of spending down argue that it’s also the most expedient way of getting urgently needed resources into the hands of worthy grantees who want to make a difference today. Other donors, however, have charitable objectives that cannot or will not be met in a defined term. What opportunities to help in the future are lost by spending now? Are there some missions that are best served by taking a longer-term view? Fritz Schwarz of the Atlantic Philanthropies and Heather Higgins of the Randolph Foundation will make the case for spending down, while Michael Cawley of the Samuel Roberts Noble Foundation and Gene Cochrane of the Duke Endowment will offer a defense of the perpetual foundation. Is this a case where one size does not fit all? Bill Schambra will moderate a timely debate that transcends the usual parameters of Left and Right.
- Michael A. Cawley, president, Samuel Roberts Noble Foundation
- Eugene W. Cochrane Jr., president, The Duke Foundation
- Heather Higgins, president, Randolph Foundation
- Frederick A.O. Schwarz Jr., board chair, Atlantic Philanthropies
- William A. Schambra, senior fellow, Hudson Institute, and director, Bradley Center for Philanthropy and Civic Renewal (Moderator)