Genuardi Family Foundation 2012 Winter Board Meeting Executive Director’s Report February 16, 2012 Cedarbrook Country Club, Blue Bell, PA
Dec 23, 2015
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