Reckoning with Slavery and Tobacco to Activate Change
The Kate B. Reynolds Charitable Trust used its 75th anniversary as a reckoning. The Trust told the story of its roots in racism and turned truth-telling into action for achieving racial equity and systems change. In events across North Carolina, Trust President Dr. Laura Gerald acknowledged the role of slavery and tobacco in generating the Trust’s wealth and of its founder’s apparent comfort with racist, inequitable systems that harmed the very people she sought to help. To repair this history and fulfill the founders’ commitment on today’s terms, Gerald announced that the Trust has divested from tobacco and committed to a socially responsible investment strategy. The session will explore how the Trust looked back to work forward – to examine its history, re-allocate investments, evolve programmatic strategy, engage the community, and use communications to influence the direction of Southern philanthropy.
Calvin Allen – Vice President for Partnerships and Programs, MDC (Durham, NC)
Nora Ferrell – Director of Communications, Kate B. Reynolds Charitable Trust (Winston-Salem, NC)
Dr. Laura Gerald – President, Kate B. Reynolds Charitable Trust (Winston-Salem, NC)
Adam Linker – Vice President of Programs, Kate B. Reynolds Charitable Trust (Winston-Salem, NC)
Abundance Amplified: Enterprise Capital as a Catalyst for Expanded Impact
Enterprise capital is an emerging best practice that provides multi-year, flexible funding, paired with technical assistance, that supports grantees as they identify the financial model that can build financial sustainability to advance their mission. It can be framed as “the marriage of finance and philanthropy” as it is grounded in an understanding of fundamental rules of finance that can drive financial strength and resilience in the nonprofit sector as powerfully as they do for private investors. While enterprise capital builds upon the practice of general operating grants, it takes several steps forward by investing in net assets to fund the entire enterprise – rather than a specific program or expense – and committing funding for multiple years. Enterprise capital and other creative investment capital practices represent a forward-looking and innovative approach to supporting communities and nonprofits engaged in social change. This session will investigate the implications of catalytic investing and grantmaking and explore how foundations can add this practice to their strategy.
Rev. Cory Anderson – Chief Innovation Officer, Winthrop Rockefeller Foundation (Little Rock, AR)
Andrea Levere – Executive Fellow, International Center for Finance at Yale School of Management (Silver Spring, MD)
Geoff Marietta – Entrepreneur In Residence, University of the Cumberlands (Williamsburg, KY)
The Grantee Experience: Connecting Process, Grantee Relationships, and Effectiveness
As more funders exhibit their commitment to establishing and maintaining effective relationships with their grantees and partnership dynamics continue to evolve, it is becoming more relevant and imperative to engage in self-reflective practices that create spaces for soliciting feedback from grantee partners, implementing strategic and operational improvements, and understanding the pain points that certain grantmaking practices create in the grantee experience. In this facilitated session, we’ll do a deep dive into different perspectives in the philanthropic sector and address questions like:
- Which organizations are learning from grantee feedback?
- What are some best practices for an exceptional grantee experience?
- What are the challenges when implementing feedback loops or making improvements as a result of the feedback?
Participants will leave with concrete lessons and tactics to start improving the grantee experience and creating more equitable grantee-centric practices.
Joseph Lee – Manager, Assessment & Advisory Services, The Center for Effective Philanthropy (Cambridge, MA)
Brenda Noiseux – Senior Product Manager, Blackbaud (Manchester, NH)
Kelly Romanoff – Senior Vice President for Strategy and Evaluation, Charles & Margery Barancik Foundation (Sarasota, FL)
Moderator: Sarah Smith – Director of Learning and Evaluation, Blue Cross and Blue Shield of North Carolina Foundation (Durham, NC)
Addressing Health Equity, Health Worker Shortages and Critical Community Health Issues through Philanthropy
Health outcomes are largely determined by things that fall beyond the traditional bounds of health care – things like food access, transportation and economic opportunity that health care now refers to as the Social Determinants of Health. These same topics clearly interconnect with conversations about equity and health equity, leading many in health philanthropy to think about how to best leverage direct health care, philanthropy and other resources to improve outcomes for people at some of the most critical points in their lives. Join us for a conversation around how three statewide grantmakers are looking at these issues in their communities, how they’ve developed collaborative partnership and designed programs and tactics to make progress against critical problems and what they are learning along the way.
Sharon Hackney – Senior Community Investments Manager, Florida Blue Foundation (Jacksonville, FL)
Tim King – Manager of Community Relations, Blue Cross Blue Shield of Alabama (The Caring Foundation) (Birmingham, AL)
Chloe Wiley – Foundation Initiatives Manager, Blue Cross and Blue Shield of Louisiana Foundation (Baton Rouge, LA)
Moderator: Michael Tipton – President, Blue Cross and Blue Shield of Louisiana Foundation (Baton Rouge, LA)
Sustaining Positive Impact: Second Order Benefits of Including Diverse Managers in Your Portfolio
At the previous Annual Meeting, we brought together philanthropic leaders and minority led asset managers to discuss the potential benefits of cognitive diversity for portfolio returns. This year, we’ll take the conversation beyond performance and explore the second order effects of improving manager diversity. Examples include better aligning investment programs with your mission as well as advancing career pathways for young people of diverse or non-traditional backgrounds in the investment profession. How can we optimize returns while also creating positive impact in the communities we care about?
Stephen Cammock – Managing Director, Private Equity Investments, GCM Grosvenor (New York, NY)
Kenneth M. Jones – Senior Vice President and Chief Operating Officer, John D. and Catherine T. MacArthur Foundation (Chicago, IL)
Malik T. Murray – Senior Vice President, Head of Business Development, Institutional Marketing, Ariel Investments (Chicago, IL)
Moderator: Armond Reese, CFA, AIF, CAIA – Institutional Investment Advisor, Truist Foundations & Endowments Specialty Practice (Atlanta, GA)
Sponsored by Truist Foundations & Endowments Specialty Practice
Navigating the Glass Cliff: Lessons from the Field
Since the advent of the term “Glass Cliff” 20 years ago to describe the challenges faced by women promoted to higher positions within an organization, the term has broadened to describe the challenging position many BIPOC leaders find themselves in when they follow white leaders. Data from the 2022 Building Movement Project "Race to Lead" report indicates “a ten percentage-point gap between executive leaders of color (62%) and white EDs/CEOs (72%) who indicated they received support from peers and affinity groups over their careers.” In our efforts to uncover how we can best support CEOs and boards, we want to engage leaders directly to explore the creation of resources and programming.
In this session, BoardSource leaders will share what they have learned so far in their listening work, including the areas where challenges seem prevalent, and focus on BoardSource’s recent work around executive transitions, previewing what’s ahead for their work through an open dialogue about how the search field and BoardSource can work more closely to shape the future leadership of the nonprofit sector.
Andy Davis – Associate Vice President of Education and Outreach, BoardSource (Washington, DC)
Angelyn C. Frazer-Giles – Director of Governance Networks and Innovation, BoardSource (Milford, DE)
Monika Varma – CEO, BoardSource (Washington, DC)