For Immediate Release
THE CENTER FOR EFFECTIVE PHILANTHROPY SECURES NEW ROUND OF FUNDING
Boston, MA: The Center for Effective Philanthropy has secured
a new round of foundation funding, led by a 3-year $900,000 operating
support grant from The Atlantic Philanthropies. Along with The Atlantic
Philanthropies, CEP's other initial funders, Surdna and The David
and Lucille Packard Foundation, have also renewed their support
- Packard with programmatic support for research on foundation performance
measures and Surdna with operating support.
Several new funders are also supporting CEP's operations, including
Rockefeller Brothers Fund and The Ford Foundation. The Boston Foundation
has provided support for a seminar on foundation performance assessment,
to be held November 14-15.
"This new funding from our initial funders as well as new funders,
represents a major step for CEP," said Phil Buchanan, Executive
Director. "It allows us to build on our initial research initiative,
the Foundation Performance Metrics Pilot Study, and undertake new,
related initiatives that serve our mission of providing the management
and governance tools needed to define, assess, and improve overall
foundation performance."
Specifically, CEP will be working to build on the research conducted
for the Pilot Study by:
- working with its large, private foundation CEO advisors to refine metrics
- deepening its research on foundation performance assessment through new data collection and analysis
- expanding its data on grantee perceptions of foundations, which allow foundation leaders to understand relative grantee perceptions of foundation performance
- broadening its performance assessment research to other foundation segments, such as community foundations and smaller foundations
- and delivering education programs aimed at foundation CEOs and trustees
"Foundation leaders are increasingly seeking to assess and then
improve the performance of their foundations," said Buchanan. "CEP
exists to help them in this difficult endeavor. Our funders recognize
the tremendous benefit that can be derived from this process."
ABOUT THE CENTER FOR EFFECTIVE PHILANTHROPY
The Center for Effective Philanthropy is a nonprofit research and educational organization whose mission is to provide foundation executives and trustees the management and governance tools needed to define, assess, and improve overall foundation performance.
ABOUT THE GLOBAL LEADERS FOR TOMORROW
The Global Leaders for Tomorrow (GLT) is a task force of the World
Economic Forum comprised of proven global leaders from business,
politics, the arts and civil society. The members of the GLT community
demonstrate a commitment to addressing issues beyond their immediate
professional interest, and are selected by the Forum's Management
Board.
