subscribe
back issues
reprints
contact us
Wealth in Perspective
Wealth Management
Thought Leaders
Money and Meaning
Passion Investments
Wealth Management Sourcebook
Multifamily Office 2008
Previous Issues Index
/ Home / Editorial / Money & Meaning / Philanthropy /
Best Practices: Philanthropy
Sum of the Parts
Eileen Gunn
10/01/2004

Five years ago, the staff at the Robert Wood Johnson Foundation (RWJ) in Princeton, N.J., began to see a growing number of grant requests for programs designed to increase access to dental care in rural and inner-city communities, especially among the elderly and uninsured families.

“There were few dentists willing or trained to serve these populations,” says Judith Stavisky, senior program officer at the foundation. She began looking into ways that RWJ might address the problem. “Ninety-five percent of the folks I talked to said, ‘You won’t make a dent until you change who goes to dental school,’” she recalls. Stavisky’s research found that only 10 percent of the people who graduate from dental school are African-American or Hispanic and, as might be expected, few come from those communities where dental care is scarce.

The foundation came up with an idea for an ambitious program aimed at encouraging dental schools to recruit more diverse applicants and to help them with tuition, as well as adding courses in public health awareness to dental school curriculums and by working community-based stints into student residencies. It was a hefty agenda to take on single-handedly, so when Stavisky heard through the grapevine that the W.K. Kellogg Foundation in Battle Creek, Mich., had been looking into ways to fund dental scholarships for low-income and minority students, she called it to see if the two well-heeled foundations might work together.

“We’re big, but the issues we’re tackling in health care are bigger,” says Paul Tarini, a spokesman at RWJ, which has assets of $8 billion. “Getting enough effort focused on a problem to really make change happen is tough and beyond our resources.” Instead, the foundation is aiming at what Stavisky terms “cataclysmic” changes in dental school education, in collaboration with the $5.7 billion Kellogg Foundation and the California Endowment, which turned out to have a similar statewide program in mind.

TOP VIEW
When we want to tackle monumental problems, collaborating with other foundations can maximize our philanthropic muscle. Those who have tried such arrangements caution, however, that it takes time to find the right group chemistry—and participants should check their egos at the door.
Whether our foundation has an endowment in the billions or is of a more modest size, we all may encounter programs we would like to pursue, but which are beyond our resources. Even Bill and Melinda Gates sometimes collaborate in their foundation ventures, as do the Michael and Susan Dell Foundation, the Annenberg Foundation and the David and Lucile Packard Foundation.

The main reason foundation leaders decide to collaborate is that they wish to tackle colossal issues such as ending homelessness in a major metropolitan area, making health care available to all Americans or stopping the spread of AIDS in underdeveloped countries. These are problems that require a commitment of time, as well as money—time to lobby Congress or oversee construction of homes and clinics. “People now want to achieve these philanthropic goals in their lifetimes,” notes Robert Mahaffey, vice president of the National Center for Family Philanthropy in Washington. While benefactors have traditionally established perpetual family foundations, more of them today are spending down their assets themselves in order to accomplish more in less time. Add a collaborative program, Mahaffey advises, and that “is the best way to maximize your ability to effect change.”

It Takes a Network
Bill George, former CEO of Medtronic, a Minneapolis medical device company, and his wife, Penny, were able to lengthen their $30 million family foundation’s philanthropic reach by working with others of like mind. Penny’s bout with breast cancer in the mid-1990s left the couple convinced that the U.S. health care system is long on technological advances but short on the sort of one-on-one care that factors in total mental and physical well-being. Riled up, they agreed to use the George Family Foundation’s resources to promote the latter.
1 | 2 | 3 | >>
Printer Friendly Version  Email a Friend


Related Articles
» Doctor Dearth
 
Get a FREE ISSUE and a FREE GIFT

Simply fill out this form to receive a complimentary issue of Worth and a FREE gift ("The top 25 Questions for Your Private Banker"). If you like the magazine, you’ll pay just $36 for 5 more issues (6 in all). If it’s not for you, you can return your invoice marked "cancel", and owe nothing. The FREE issue and FREE gift are yours to keep.
Name
Address
Canadian orders click here
International orders click here

Unsubscribe from subscription emails click here
 



Family Office Wealth Conference