Friday, July 13, 2012

Atlantic Hints at Strategy for Final Years of Giving - The Giveaway ...

Ten months after appointing a new president to conduct a review of its final years, the Atlantic Philanthropies is giving nonprofits some additional clues about what to expect between now and the time its last grants are announced in 2016.

In a letter Tuesday to grantees, Christopher G. Oechsli, Atlantic?s leader, says that ?not all program work will continue to 2016.?

The foundation?s giving in Australia concludes this year, while grant making in South Africa and Vietnam will finish in 2013.?Atlantic?s support of efforts to help elderly people in the United States and Ireland now has a narrower focus, he said.

What?s more, Mr. Oechsli told The Chronicle that while the foundation is considering grants to key civil-liberties organizations, it will no longer finance efforts to protect the rights of people who suffered after September 11.

In an e-mail, Mr. Oechsli said it was too soon to say when other programs would wrap up and how much money would be available for each region and priority. He said the foundation would focus its remaining dollars on projects and organizations that are likely to produce significant impact.

Atlantic?s endowment stands at $2.2-billion, he said. Of that amount, $1.3-billion has yet to be committed in the form of grants.

The foundation?s Web site, updated Monday, describes Atlantic?s remaining priorities.

Among the many types of work it will continue to emphasize: efforts to abolish the death penalty in the United States, to help people suffering from dementia in Ireland, and to cut down on the number of U.S. students who are expelled from school or arrested for minor infractions.

?Send an e-mail to Caroline Preston.?

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Source: http://philanthropy.com/blogs/the-giveaway/atlantic-drops-strategy-hints-for-final-years-of-giving/2547

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