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Genuardi Family Foundation
2012 Winter Board Meeting
Executive Director’s ReportFebruary 16, 2012
Cedarbrook Country Club, Blue Bell, PA
Agenda: 11:30 AM -12:45 PM
• Philanthropy Snapshot• 2012 Grant Cycle
– 2012 Budget– Grant Programs & Processes– Proposed Grants
• Genuardi Brothers’ Scholarship at SJU• Communications• Board Policies & Procedural Issues• Calendar items
Through The Lens Of Philanthropy…
A Typical Foundation:
•Family Foundation•Incorporated 21 years ago•5 Board members•Assets of $14.2 million•Makes 37 grants per year•Median grant size of $13,700
GFF:
•Family Foundation•Incorporated 11 years ago•14 Board members•Assets of $25+ million•Makes 125+ grants per year•Median grant size of $5,000
Source: Association of Small Foundations, 2011 Foundations Operations & Management Report, based 532 respondents to a survey conducted in 2011.
Top Important Issues Facing Foundations Today…
•Board/generational succession•Need for greater focus/impact in grantmaking•Lack of/slow asset growth•Too many good proposals
Source: Association of Small Foundations, 2011 Foundations Operations & Management Report, based 532 respondents to a survey conducted in 2011.
12 Years of GFF Grantmaking
2001 $ 67,500
2002 $ 607,326
2003 $ 655,000
2004 $ 977,500
2005 $ 1,145,000
2006 $ 1,150,000
2007 $ 1,214,800
2008 $ 1,360,415
2009 $ 1,165,000
2010 $ 850,000
2011 $ 997,000
2012 $ 855,000
12-year Total: $11,044,541
History of GFF Grantmaking
• Between 2000-2011:– 646 applicants (unduplicated)*– 306 grantees (unduplicated)– 435 applicants who didn’t receive funding*
*Does not include declined LOIs
The Fall & Rise (& Fall) of the Grant Budget…
*25% lower than $1,150,000 estimate PwC projected on 2.10.11, and 2% lower than $873,000 PwC projected on 11.11.11.
Process Changes This Year…
• Evolved use of technology – Charity check– Online application evaluations– Electronic grant agreements
• Shorter LOI period, earlier grant deadline for Core Grant process resulted in earlier grant review
• Collaborative funding with MCF• Precise classifications (30) versus 4 broad sectors for
comparison• Introduction of two new grant programs:
– Philadelphia Fund– Strategic Initiative
3 Grant Programs & Redefined Geography
• Core Grant Program: – 4-counties, unless invited by a Board member– Includes discretionary– Excludes programs based in and operating solely in Philadelphia– Excludes NJ & DE organizations
• Philadelphia Initiative (new 2012):– For organizations based in and operating in Philadelphia whose
program can serve as a model for replication– By invitation only
• Strategic Initiative (new 2012):– By invitation only– Selected by Board for larger grants to support innovative work
Grantmaking Priorities• Promote the unity, health and well-being of families
– Maternal and child health– Services for the disabled – Medical and dental care
• Improve access to basic services for the most vulnerable in our communities– Food distribution– Housing and homelessness prevention– Emergency services
• Prepare children, youth and adults for success in their schools, in the workplace and in their communities
– Behavioral health– Vocational training and workforce preparation– Youth development
• Invest in systems and sustainable change efforts that will break cycles of poverty, vulnerability and need, and build toward a better future for all people
– Collaborations– Service coordination and delivery– Programs designed to build individual self-sufficiency
New vs. Repeat 2012 Core Grantees
*”New” indicates 1st time grantee, but not necessarily first time applicant
Service Area Geography of 2012 Core Grantees*
*Service area was self identified in application; counties not mutually exclusive
Site visits
• 52 site visits this cycle• Started earlier – at approved LOI• Site visited all PF/SI applicants• MH joined by Larry, Skip, Bob, Charles,
Matthew, Beth B., Stephanie & Vicki …thanks!
2012 Joint Challenge Grantee:VNA Community Services (Abington)
• Joint $15,000 challenge grant offered by GFF and Montgomery County Foundation ($7,500 each foundation)
• Minimum $1000 gifts; goal of building major donor pipeline • This VNA has been a 9-time grantee, earning $87,500
between 2003 and 2011• General operating grant will support access to primary
health care for 5,700 at-risk children & adults:– Children’s Health Centers– Personal Navigator Program – In-Home Services Program – Health Screenings and Counseling
2012 Philadelphia Fund
• Issue area: Homelessness and housing in Philadelphia
• We sought innovative solutions from organizations whose work endeavors to:– Break intergenerational cycles of poverty and
homelessness; and/or– Target the most vulnerable & chronically homeless
5 Philadelphia Fund Invitees
• AchieveAbility• Doe’s Fund’s Ready Willing & Able• Drueding Center/Project Rainbow• Project H.O.M.E.• Whosoever Gospel Mission and Rescue Home
All five applied; two were selected for grants.
Philadelphia Fund Proposed Grantee:Project H.O.M.E.
• Project: Hub of Hope• Serves most vulnerable, chronically homeless
individuals in Philadelphia “where they are”• Innovative approach: started in subway
concourses• Robust partnerships, many volunteers• Goal: end chronic homelessness in
Philadelphia in 3 years• PF grant recommendation: $25,000
Philadelphia Fund Proposed Grantee:Drueding Center/Project Rainbow
• Project: Multi-generational case management for homeless & formerly homeless families
• Niche: single moms ages 18-25 & their kids• Long-term approach – up to 9 years plus after care • Proven results: 92% are housed 3 years out of program• Goal – permanent and stable housing for clients, and
multi-generational care so kids don’t repeat cycle of homelessness
• PF grant recommendation: $25,000
2012 Strategic Initiative
• Issue area: Access to Prenatal, Obstetrical & Infant Care for Low-Income Women & Families; alarming birth outcomes in Norristown in particular
• We sought innovative solutions from organizations whose work endeavors to:– Increase access to prenatal and OB services for low-
income women in 4-county area– Increase access to newborn care for families in 4-
county area
2012 Strategic Initiative Invitees
• Abington Memorial Hospital’s OB/GYN Center and Santerian Newborn Center
• Maternal & Child Health Consortium of Chester County
• Maternity Care Coalition• Montgomery Hospital’s Prenatal Care Clinic• Delaware Valley Community Health’s
Norristown Regional Health Center
Strategic Initiative Proposed Grantee:Abington Memorial Hospital’s
OB/GYN Center & Santerian Newborn Center
• One of few hospitals in region that still delivers babies and provides prenatal care, regardless of insurance
• Has a unique newborn care center providing critical care for uninsured 0-3 mos. babies, and secures them a permanent medical home
• 2012 Goals: – Provide prenatal care to 1200 low-income women – Serve at least 350 infants
• SI grant recommendation: $25,000
Strategic Initiative Proposed Grantee:Maternity Care Coalition's
Norristown & Pottstown Early Head Start Programs
• Proactive in-home care to low-income pregnant mothers to receive prenatal care and education, for improved birth outcomes.
• Maintain in-home visits for 2 years after child’s birth• Connect families with insurance and other resources,
including enrollment 300+ kids in CHIP and Medicaid.• Advocacy for system changes to reduce barriers to care
and improve access to care for low-income women and families
• SI grant recommendation: $25,000
Board Ratification of 2012 Grants
• Questions/suggestions?• Call for approval of proposed 2012 grants
BOARD POLICIES & PROCEDURES
•Conflict of Interest Policy•Check writing/signing•Online grant agreements
À Propos…
• “Where there is much desire to learn, there of necessity will be much arguing, much writing, many opinions; for opinion in good (wo)men is but knowledge in the making.”
-- John Milton, Aeropagitica, 1644
Proposed Board Policy: Conflict of Interest
• What constitutes a Conflict of Interest?
– Intersection of Foundation roles & outside roles– Potential for Foundation insiders to benefit from the
foundation in a personal, direct or economic way– If overlooked:
Risks family/foundation reputation, steep IRS penalties
– Recommended by ASF, DVG, COF & IRS
Common COI Examples
• Foundation trustee serves on a grant applicant’s Board• Foundation hires a family member’s business to perform a
service non-essential to Foundation operations (e.g., real estate)
• Foundation makes a grant to a private school/college where a trustee’s child attends
• Foundation trustee’s nephew is employed by a grant applicant
Self-Dealing Rules
• Ensure foundation assets are used for charitable purposes rather than private benefit
• Prohibit a range of transactions between private foundations and their insiders
• Broad, absolute rules carrying significant IRS penalties if broken for:– Foundation– Involved trustee/insider, even if s/he acted unknowingly– Foundation manager who approved transaction
Common Self-Dealing Examples
– Rent: Any payment of rent to an insider, even at below market rates
– Attending fundraisers: OK for trustees/staff if aids assessment of potential grantee, but spouses may attend only if their paid nonprofit full ticket price
– Fulfilling a personal pledge: the legally binding individual pledges of Foundation insiders cannot be fulfilled with foundation funds
COI Helps Manage Conflicts
• Removes bias (or appearance of such)• Puts disclosure and decision making processes in
place• Helps Board and staff:
– Comply with laws– Maintain ethical integrity– Uphold Foundation and Family reputation
Proposed COI Policy
• Annual disclosure of potential conflicts• Executive Committee reviews disclosures, determines
which connections are actual/material conflicts• For actual conflicts:
– Board member in question recuse from decision making– Require competitive bids for significant transactions
• EC will keep written records of conflicts and recusals, documenting unbiased decisions
• Proposal sent to Board for review 2/13/12• Edits• Vote to adopt?
Also procedurally new…
• Check writing–QuickBooks (vs. manual)
• Online grant agreements & electronic award notification–GLM–Mail merged blast email (Mail Chimp)
Coming up soon…– DVG seminar: Mission Related Investing
• Thursday February 23, 2012, 8:30 AM to 1 PM• Where: The Reinvestment Fund (Philadelphia)
– DVG Annual Members’ Meeting• Tuesday March 20, 2011, 3:00 to 6:00 PM• Lenfest Hall at Curtis School of Music (Philadelphia). • Attending thus far are LG, Stephanie, Vicki, Beth B. and Adam.
– MH’s maternity leave dates (approximate)• Monday, March 12 to Friday June 7, 2012
– Scholarship Finalist interviews• Thursday April 12th – approx. 9 AM to 12:30 PM (SC only) • Academy of Food Marketing , Mandeville Hall, SJU
– SJU Scholarship Annual Award Luncheon• Tuesday April 24th (all Board and family welcome – 2nd to 4th gen) • Location TBD
– Spring 2012 Board retreat• Sunday, May 20-Tuesday, May 22. Meetings: Monday May 21st
• Nemacolin Woodlands Resort (Farmington, PA):– Fall Board meeting – need to set date