Share |

The Boston Foundation, Inc.

 75 Arlington Street, 10th Floor
 Boston, MA 02116
[P] (617) 338-1700
[F] (617) 338-1604
http://www.tbf.org
[email protected]
Pamela Hurd
Facebook Twitter
INCORPORATED: 1915
 Printable Profile (Summary / Full)
EIN 04-2104021

LAST UPDATED: 02/15/2017
Organization DBA TBF
Former Names Greater Boston Foundation (1980)
Organization received a competitive grant from the Boston Foundation in the past five years Yes

Summary

Mission StatementMORE »

As Greater Boston's community foundation, the Boston Foundation devotes its resources to building and sustaining a vital, prosperous city and region, where justice and opportunity are extended to everyone. We fulfill this mission in three principal ways:
 
  • Making grants to nonprofit organizations and designing special funding initiatives to address the community's critical challenges;
  • Working in partnership with donors and other funders to achieve high-impact philanthropy; and
  • Serving as a civic hub and center of information, where ideas are shared, levers for change identified, and common agendas for the future are developed. 

Mission Statement

As Greater Boston's community foundation, the Boston Foundation devotes its resources to building and sustaining a vital, prosperous city and region, where justice and opportunity are extended to everyone. We fulfill this mission in three principal ways:
 
  • Making grants to nonprofit organizations and designing special funding initiatives to address the community's critical challenges;
  • Working in partnership with donors and other funders to achieve high-impact philanthropy; and
  • Serving as a civic hub and center of information, where ideas are shared, levers for change identified, and common agendas for the future are developed. 

FinancialsMORE »

Fiscal Year July 01, 2014 to June 30, 2015
Projected Income --
Projected Expense --

ProgramsMORE »

  • Donor Advised Funds
  • Grantmaking and Special Initiatives
  • The Boston Foundation’s Civic Leadership Fund
  • The Permanent Fund for Boston
  • The Philanthropic Initiative

Revenue vs. Expense ($000s)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

As Greater Boston's community foundation, the Boston Foundation devotes its resources to building and sustaining a vital, prosperous city and region, where justice and opportunity are extended to everyone. We fulfill this mission in three principal ways:
 
  • Making grants to nonprofit organizations and designing special funding initiatives to address the community's critical challenges;
  • Working in partnership with donors and other funders to achieve high-impact philanthropy; and
  • Serving as a civic hub and center of information, where ideas are shared, levers for change identified, and common agendas for the future are developed. 

Background Statement

The Boston Foundation, Greater Boston's community foundation, is one of the largest community foundations in the nation, with net assets of some $1 billion. In 2015, the Foundation and its donors paid $135 million in grants to nonprofit organizations and received gifts of $123 million. In celebration of its Centennial in 2015, the Boston Foundation launched the Campaign for Boston to strengthen the Permanent Fund for Boston, the only endowment fund focused on the most pressing needs of Greater Boston. The Foundation is proud to be a partner in philanthropy, with more than 1,000 separate charitable funds established by donors either for the general benefit of the community or for special purposes. The Boston Foundation also serves as a major civic leader, think tank and advocacy organization, commissioning research into the most critical issues of our time and helping to shape public policy designed to advance opportunity for everyone in Greater Boston. The Philanthropic Initiative (TPI), an operating unit of the Foundation, designs and implements customized philanthropic strategies for families, foundations and corporations around the globe.
 
A community foundation’s mandate is to fashion ways for philanthropy to address the broad concerns of the communities it represents and, over the years, the Boston Foundation has made large investments in education, health and wellness, jobs and economic development, neighborhoods and housing and arts and culture.
 
The Boston Foundation was founded in 1915 by Charles E. Rogerson, President of Boston Safe Deposit and Trust Company. Originally called the Permanent Charity Fund, it was the first community foundation to receive a major bequest—$4 million from a businessman named James Longley in 1916. The first director was Charles E. Rogerson’s son, Charles M. Rogerson, who served for 30 years and invented the systems that many philanthropic foundations would use in the future.As a result, the Foundation became a pioneer in the field of philanthropy, making a series of major grants long before other American community foundations. Its earliest grants went to the settlement houses that were serving European immigrants who poured into Boston, looking for a better life in America.In 1959, the Foundation received another major bequest from a business man named Albert Stone. Totaling close to $20 million, it transformed the Foundation into a major force for change during a volatile time in American history and gave it the resources to begin to invest in great new ideas and new nonprofits.Eventually, the Foundation was “There at the Beginning” with critical early funding for more than 100 innovative ventures.
 
In 1985, the Foundation was renamed the Boston Foundation, and Anna Faith Jones became President and CEO. She was the first African-American woman to lead a major foundation in the United States. Around that same time, the Boston Foundation started offering Donor Advised Funds to meet the growing needs of Greater Boston’s philanthropists. During her tenure, the Foundation focused on inner-city poverty, strengthened relationships with donors and transformed the structure of the organization so that it could invest its own funds and have a diverse and active board.In 2001, Paul S. Grogan became the President and CEO of the Foundation. Under his leadership, the Boston Foundation has become one of the most progressive and highly regarded community foundations in the nation. In addition to partnering with donors around philanthropy and competitive grant making and special initiatives, the Foundation also works with all sectors to improve Greater Boston and the entire region through a robust series of civic leadership activities, including research, convenings, comprehensive work with the media and the organizing of task forces to inform public policy.

Impact Statement

Since its founding in 1915, the Foundation and our donors have made more than $1.5 billion in grants. Every year, millions in additional funds are leveraged through outside resources, such as special initiatives housed at the Foundation. As a partner in philanthropy, the Boston Foundation works with donors and other funders to achieve high-impact philanthropy through a variety of approaches, including Donor Advised Funds. Grants to programs in Greater Boston are supported by the Permanent Fund for Boston, the flexible pool of dollars that has been built by hundreds of generous donors, primarily through planned giving and bequests. During its 100th Anniversary, the Foundation launched a special campaign to grow the Permanent Fund for Boston and raised more than $177 million toward a goal of $200 million, including leadership gifts totaling $15 million from a “Centennial Circle” made up of some of Boston’s most generous and prominent philanthropists.
 
Through its competitive grant making, the Boston Foundation has been “there at the beginning” for more than 100 great ideas and new nonprofits by providing crucial seed capital and support. Among its greatest accomplishments are grants that helped to launch WGBH-TV, Boston’s Longwood Medical Center area and the cleanup of Boston Harbor. It also made early grants to many organizations, such as the New England Aquarium, City Year and Citizens Schools. In addition, the Foundation has launched a number of special initiatives, including groundbreaking workforce development initiative called SkillWorks and a city-wide college completion initiative, Success Boston.
 
The Foundation’s civic leadership work identifies the challenges facing Greater Boston and works with donors and other partners to meet them. The Foundation publishes cutting edge research, shares reports and ideas at forums attended by thousands every year, and keeps important issues in front of the public and policymakers on Beacon Hill. Through this work, the Boston Foundation as played a key role in passing smart growth housing legislation that has led to more than 12,000 zoned housing units in 32 smart-growth zoned districts. The Foundation also played a central role in passing statewide education reform, helping to win $250 million in Race to the Top funding.It also played a major role in community college reform, including garnering $20 million in additional funding for these important educational institutions.

Needs Statement

Donors to the Boston Foundation have many ways to partner with and support activities currently underway. These include:
 
1. Establishing a Donor Advised Fund with as little as $10,000.
 
2. Supporting the Civic Leadership Fund, which supports all of the Foundation’s research, convenings and public policy work in Greater Boston and the region.
 
3. Leaving a legacy for future Bostonians with a bequest to the Permanent Fund for Boston which supports all of the Foundation’s grant making in Greater Boston.
 
4. Supporting major, groundbreaking special initiatives such as the Workforce Development initiative SkillWorks; the college-completion initiative Success Boston; and the health and wellness initiative Healthy People/Healthy Economy.

CEO Statement

The Boston Foundation is proud to work closely with our donors to improve the Greater Boston community. Our mantra is to meet donors where they are and take them where they want to be. Our Donor Services team, together with our philanthropic advisory arm, The Philanthropic Initiative, works to fulfill the goals of donors and help them achieve high impact giving. Many of our donors and others also contribute our Civic Leadership Fund, which supports all of our convenings, research and public policy work on behalf of our city and region.
 
In addition, a number of our Donor Advised Funds, donors co-invest with us to support nonprofit programs that meet our goals and strategies. Some donors also include the Foundation’s Permanent Fund for Boston in their estate planning, providing the crucial funds that allow us to respond nimbly to the most serious challenges facing our community.
 
The Boston Foundation is honored to sponsor the Giving Common and bring this online resource to the people of Massachusetts. We are delighted that so many nonprofit organizations have embraced the Giving Common and developed profiles for this site. At our launch, we had broader participation than any other similar initiative in the United States. Our hope is that, in addition to providing a new platform through which nonprofits can tell their story in detail, the Giving Common will also make philanthropy easier, quicker and more fulfilling for those who want to give something back to the communities that have meant so much to them.Since 1915, the Boston Foundation has been promoting philanthropy to benefit the people of Greater Boston. We believe that the Giving Common offers a new way for us to support the already robust nonprofit sector and, ultimately, strengthen charitable giving across Massachusetts.

Board Chair Statement

As Chair of the Board of Directors of the Boston Foundation, I feel very fortunate to have the opportunity to play a leadership role at Greater Boston’s community foundation. As a board member, I have seen the work of the Boston Foundation through a special lens. I’ve learned that it is driving solutions to many of our community’s toughest problems. Ultimately, the Foundation is helping our city and our residents thrive. I can’t imagine anything more important.

Geographic Area Served

GREATER BOSTON REGION, MA
City of Boston- Citywide (please select all areas as well)
City of Boston- Allston/ Brighton
City of Boston- Back Bay
City of Boston- Beacon Hill/ West End
City of Boston- Charlestown
City of Boston- Chinatown/ Leather District
City of Boston- North Dorchester
City of Boston- South Dorchester
City of Boston- Downtown
City of Boston- East Boston
City of Boston- Fenway/ Kenmore
City of Boston- Hyde Park
City of Boston- Jamaica Plain
City of Boston- Mattapan
City of Boston- Mission Hill
City of Boston- North End
City of Boston- Roslindale
City of Boston- Roxbury
City of Boston- South Boston
City of Boston- South End/Bay Village
City of Boston- Harbor Islands
City of Boston- West Roxbury
Greater Boston

Organization Categories

  1. Philanthropy,Voluntarism & Grantmaking Foundations - Community Foundations
  2. Community Improvement, Capacity Building - Community Improvement, Capacity Building N.E.C.
  3. Philanthropy,Voluntarism & Grantmaking Foundations - Public Foundations

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

Yes

Programs

Donor Advised Funds

As part of its mission, the Boston Foundation works with donors to enhance the impact of their charitable giving.  The Foundation does this primarily through its Donor Advised Fund program.  A Donor Advised Fund is a flexible giving account that enables a donor to make a charitable contribution, and then make grant recommendations to support his or her favorite charitable programs.  There are several advantages to establishing a Donor Advised Fund: they are simple to establish and to use; with one contribution the donor can support multiple charities; and the donor receives the maximum charitable tax deduction allowed for any type of asset given. The Boston Foundation provides grant services, information and expertise to assist donors in maximizing the impact of their Donor Advised Funds.  

Budget  $10,000,000.00
Category  Philanthropy, Voluntarism & Grantmaking, General/Other Grants Development
Population Served General/Unspecified
Program Short-Term Success  Short-term success is defined by the total grants distributed by these funds.  These grants represent 80% of all grants distributed by the Boston Foundation.  Annually, Donor Advised Fund donors distribute approximately 17% of their fund balances to charitable organizations throughout Greater Boston and beyond.  
Program Long-Term Success 

One of the Foundation’s goals is to build the long-term charitable capital of Greater Boston. Donor Advised Funds are a key component in this effort in that they often introduce individuals and families to the world of philanthropy.  The Foundation assists these donors to enhance the impact of their giving which can lead to more giving for Greater Boston organizations, and to more charitable capital available to address future needs.  

Program Success Monitored By 

The Foundation gathers and evaluates feedback from its constituents, including donors, professional advisors and other prospects.  It conducts surveys to gain feedback on its services and holds events for donors and professional advisors where attendance is monitored and follow-up surveys collected to gauge the success of the particular event and to determine other topics that would be of interest.  The Foundation has a Professional Advisors Committee that meets quarterly and provides feedback and ideas of how the Foundation could better serve donors.  Retention of donors is also a way that TBF measures success.  

Examples of Program Success 
One couple established a Donor Advised Fund and developed a sophisticated approach to giving: “We’re taking advantage of everything the Boston Foundation has to offer by attending programs and reading the publications. We don’t see the Foundation as just a place we ‘give money through’. It’s a two-way street, a partnership.” The couple has also included the Permanent Fund for Boston in their long-term estate planning.
 
Another donor is using her Donor Advised Fund to support her interest in giving internationally and several local corporations have established Donor Advised Funds to support their corporate socially responsible goals.

Grantmaking and Special Initiatives

The Boston Foundation is committed to having a profound impact on important areas of community life in Greater Boston. To achieve this overarching goal, it invests in the critical work of nonprofit organizations throughout Greater Boston via $16 million per year in discretionary grant making, and works with partners in all sectors to create special initiatives that address additional unmet needs. Currently, the Foundation’s grant making focuses on: Education, Health and Wellness, Jobs and Economic Development, Neighborhoods and Housing and Arts and Culture, as well as two crosscutting areas: one on nonprofit effectiveness and another on grassroots programming. It also has a special “Open Door Grant-Making Program,” to support new ideas in keeping with its history of being “There at the Beginning” with critical early support for innovation plans and organizations.

One of the Foundation’s signature special initiatives is Success Boston: in concert with the City of Boston, the Boston Public Schools and scores of area colleges and universities, this special initiative focuses on increasing the number of Boston Public Schools graduates who complete college. Since the initiative was launched in 2008, it has increased college completion rates of BPS graduates from 35.5% to 51.3%. The Foundation also received $6 million in Social Innovation Funding from the White House to expand the initiative to serve 1,000 students a year.

Budget  $7,000,000.00
Category  Community Development, General/Other Community Development, General/Other
Population Served General/Unspecified
Program Short-Term Success 
College completion (Success Boston):
  • Boston Public Schools graduates complete the 1st semester of college and reenroll
  • Boston Public Schools graduates increasingly enroll in only credit-bearing, non-remedial courses
  • Boston Public School graduates complete college
Program Long-Term Success 

The Boston Foundation aims to build and sustain a vital, prosperous city and region where justice and opportunity are extended to all.  The work is guided by two strategic goals that reflect our deep commitment to strengthening communities.  Examples of goals and desired end states include:

Greater Boston residents are successful and thriving:
  • Increased college graduation rates for low-income and minority students to a 70% college completion rate for Boston Public Schools graduates by 2017 (Success Boston)

Greater Boston communities are vibrant, safe and affordable 

  • Decreased gang-involved shootings by 60% in 5 focus communities historically and persistently plagued by gang violence.  (StreetSafe Boston)
Program Success Monitored By  An outside research firm, Abt Associates, monitors the success of Success Boston and in 2016 published a major report called Reaching for the Cap and Gown, which showed a dramatic increase in college completion rates since the initiative was launched. It showed that Success Boston’s powerful strategy, which is to pair adult coaches with students, beginning in high school and extending through the first two years of college, is showing signs of working. The report showed that the six-year college completion rate of first-year college enrollees from the BPS Class of 2009 was 51.3%, within one percentage point of the 52% goal set in 2008.
 
Examples of Program Success 

A StreetSafe Boston streetworker reached out to Antwann, who was “hustling, hanging with the wrong people, headed for trouble.” StreetSafe helped Antwann get a job and now he is able to provide for his children and is considering college.   
 
SuccessBoston helped Elisio, a high school dropout, get his diploma and move on to college. His Success Boston coach helped him through his FAFSA paperwork and motivated Elisio, despite obstacles, to stay on track toward his 4-year college degree.  Now Elisio is attending a four-year university.  He says that Success Boston “changed my life.”
 

The Boston Foundation’s Civic Leadership Fund

The Civic Leadership Fund (CLF) at the Boston Foundation provides the crucial resources the Foundation needs to tackle some of our region’s biggest challenges through a wide range of civic leadership activities.  It allows the Foundation to produce and disseminate in-depth reports from area colleges and think tanks, highlight trends and issues that are having a profound impact on all aspects of our community, promote informed public discourse around these issues through a series of forums that attracts thousands every year and convene major task forces of community leaders in the private and public sectors to identify new and effective solutions and influence public policy.  In short, the CLF fuels the Foundation’s role as a vibrant place where information, knowledge, resources and influence come together for the greater good of our region.

Budget  $1,500,000.00
Category  Civil Rights, Social Action & Advocacy, General/Other Civil Rights, Social Action & Advocacy, General/Other
Population Served General/Unspecified
Program Short-Term Success 

The Boston Foundation has held a number of major forums on topics of current concern to Greater Boston, including a moving live-broadcast “Town Hall” on “Race in Boston” with WCVB-TV in response to the tragedies in other cities involving the police and African Americans. The Foundation also held a major forum on a new arts study commissioned by the Foundation on how Boston and comparable cities support the arts shows that only New York City has higher per capita contributed revenue for the art than Boston, among major American cities.

The study, titled “How Boston and Other American Cities Support and Sustain the Arts: Funding for Cultural Nonprofits in Boston and 10 Other Metropolitan Cities,” also examined Baltimore, Chicago, Cleveland, Houston, Minneapolis-St. Paul, Philadelphia, Portland Oregon, San Francisco and Seattle. “How Boston” is a follow-up of sorts to a 2003 Boston Foundation report titled, “Funding for Cultural Organizations in Boston and Nine Other Metropolitan Areas.”

The study is informing the City of Boston’s “Boston Creates” initiative and other foundations supporting the arts, such as Barr Foundation. One of the most recent successes brought about with help from the CLF was groundbreaking community college reform. The Foundation-convened Coalition FOR Community Colleges, made up of business and community leaders.

Program Long-Term Success  The Civic Leadership Fund gives the Boston Foundation the capacity to have a positive influence on the underlying forces that influence poverty and inequity in our community.  Education reform will always be one of the areas of focus for the Foundation’s civic leadership activities, as it has been in the past.  Helping to train the workforce of the future will also be a major area of concern, as well as programs that promote health and wellness and strengthen arts and cultural programming in Boston’s diverse neighborhoods.  Other issues that will receive attention are unknown today, as they will rise in importance and prominence as our community evolves.
Program Success Monitored By 

All of the work of the Civic Leadership Fund is informed by research conducted by the Foundation’s Boston Indicators Project and numerous other university research centers and think tanks. Data that emerges from this research shapes the Foundation’s civic leadership agenda and tracks the success of the Foundation’s task forces and coalitions in affecting public policy and creating deep, long-lasting change.

 

Examples of Program Success 

The Race to the Top Coalition, convened by the Foundation to help pass education reform legislation and win $250 million in federal funding, published the first progress report on closing the achievement gap. The report revealed that the 2011 MCAS results show early promise in most of the 34 turnaround schools and confirm that expanding charter schools is achieving impressive results.

The Massachusetts Cultural Facilities Fund, informed by Boston Foundation reports, passed thanks to a coalition the Foundation co-convened. It has provided more than $82 million in grants to nearly 600 renovation and building projects in 118 cities and towns—leveraging more than $1.5 billion in additional support and providing work for tens of thousands of people.

A coalition the Foundation helped form played a major role in passing a pioneering municipal health care bill that has saved more than $247 million in 257 communities across the Commonwealth, restoring jobs and services. The Commonwealth Housing Task Force helped pass Smart Growth Housing legislation that has resulted in 12,350 zoned units in 32 smart-growth districts. And, sweeping probation and CORI reform was the result of a task force co-convened by the Foundation and the Crime and Justice Institute.


The Permanent Fund for Boston

The Boston Foundation partners with donors to establish legacy funds for the betterment of Greater Boston. These funds together are known as the Permanent Fund for Boston, which currently has more than $300 million in assets. The Foundation seeks to build and strengthen the Permanent Fund for Boston, which provides the resources the Foundation needs to respond nimbly to Greater Boston’s most critical needs. This will allow the Foundation to deepen considerably its capacity to practice innovative philanthropy today and in the decades to come. Today, $16 million in grants from the Permanent Fund for Boston benefit all areas of community life, including Education, Health and Wellness, Jobs and Economic Development, Neighborhoods and Housing and Arts and Culture. Setting up a named fund within the Permanent Fund for Boston and including the Boston Foundation in your estate planning is quick and easy and does not require changing your will.  

Budget  $200,000,000.00
Category  Philanthropy, Voluntarism & Grantmaking, General/Other Comprehensive Grantmaking
Population Served General/Unspecified
Program Short-Term Success 

To mark the Boston Foundation’s 100th Anniversary, in 2015, the Foundation reached out to our donors and others to establish named funds within the Permanent Fund for Boston and thereby strengthen this critical fund, which gives the Foundation the flexible resources needed to respond to the most urgent needs of the day. Many donors with Donor Advised Funds at the Boston Foundation and other generous people have made arrangements to add the Permanent Fund for Boston into their estate planning. In addition, during our Centennial, outright gifts of $1 million each surpassed its goal of $10 million and reached $15. Also during the Centennial, the Foundation raised $177 million in total toward its goal of $200 million.

Program Long-Term Success 

Building the Permanent Fund for Boston by $200 million will strengthen the Boston Foundation’s capacity to make grants in all areas of community life in Greater Boston. In the past, grants from the Permanent Fund have helped to launch some of the most important nonprofit institutions in our community, including the New England Aquarium, Action for Boston Community Development, the Greater Boston Food Bank, WGBH-TV and numerous others. Grants also have contributed to the historic cleanup of the Boston Harbor, the development of Quincy Market and the Longwood Medical Area. In recent years, grants have supported the earliest days of City Year, Citizen Schools, Year Up and numerous other innovative nonprofits.

Program Success Monitored By 

In 2016, the Boston Foundation released Thriving People, Vibrant Places: A Five-Year Progress Report, a detailed review of progress made during that five-year period and the challenges that remain. The report covers work in five impact areas: Education; Health & Wellness; Jobs & Economic Development; Neighborhoods & Housing; and Arts & Culture; as well as two crosscutting strategies, including programs that boost Nonprofit Effectiveness and support the Grassroots. It included statistics and frank descriptions of achievements and disappointments.

Within a month of releasing the report, the Foundation announced its new strategic direction and held a series of community-based sessions to answer questions from nonprofits. Called Vision 2020, the Foundation recommits to its five impact areas and two crosscutting strategies and announces its intention to work even more closely with donors to increase the impact of their philanthropy and the Foundation’s as a whole. Vision 2020 also introduces “Open Door Grants” that will support promising ideas and approaches from new or existing nonprofits for programs.

The Boston Foundation’s grant making and special initiatives are designed with goals that are used to measure the impact on the Greater Boston community. The Boston Foundation works with the Boston Indicators Project, a special initiative of the Foundation and one of the most sophisticated data projects in the United States, to inform and measure its success in education, health and wellness, jobs and economic development, neighborhoods and housing and arts and culture offerings and community safety. The Foundation’s staff set specific goals and measure the effectiveness of their grant making against those goals.

Examples of Program Success 

Past donors to the Boston Foundation’s Permanent Fund for Boston have transformed the lives of many people. Harriett Bartlett, a famous Boston-area social worker, left a bequest when she died in 1987, specifying that her fund be spent for “community building.” Today, a grant from her fund is helping an organization named the Family Independence Initiative organized a group of Guatemalan immigrants who live in East Boston, helping them to network and strengthen each other and the community through their work. A donor named Anna Frothingham, who left a bequest in 1939, is helping a program called Health Leads reach out to people in medical settings to help them take advantage of community resources to assist them in all parts of their lives. A man named Edward Glines, who was Mayor of Somerville from 1901 to 1904, left a bequest to the Fund in 1938 and now is helping Karen Furtado pursue her dream of attending college and going on to be a nurse.


The Philanthropic Initiative

 

The Philanthropic Initiative at the Boston Foundation is a leading provider of customized philanthropic advice and counsel to high net worth individuals, families, foundations and corporations nationally and globally. Its goal is to help clients invest in their values and passions for maximum impact by designing, implementing and evaluating customized philanthropic strategies and programs.

TPI’s Services

•Family philanthropy services

•Customized research on programs and issues

•Grants program design including:

-Requests for proposals

-Proposal review

-Site visits

-Grant recommendations

•Strategic planning & facilitation for families and individuals

•Services for corporate giving programs

Examples of TPI's Work

TPI worked with both the second and third generations of a Boston family to develop effective governance and grant making strategies, including supporting the G3 generation grant making

focused on education. TPI provided an assessment of a corporate philanthropy and community relations effort, facilitated an idea lab, and developed scenarios for sharpening or modifying the strategic framework of a New England based national corporate philanthropy program.

TPI Services for Foundations & Corporations

•Strategic planning for grant-making programs

•Consultation on foundation governance & management issues

•Grants program design & implementation

Consultation on international grant making

•Easy to establish Donor Advised Funds

 

Budget  --
Category  Philanthropy, Voluntarism & Grantmaking, General/Other Grants Development
Population Served General/Unspecified
Program Short-Term Success      
Program Long-Term Success     
Program Success Monitored By     
Examples of Program Success        

CEO/Executive Director/Board Comments

--

Management


CEO/Executive Director Mr. Paul Grogan
CEO Term Start July 2001
CEO Email [email protected]
CEO Experience

Mr. Grogan joined the Boston Foundation from Harvard University, where he served as Vice President for Government, Community and Public Affairs and spearheaded unprecedented University commitments to the community. While at Harvard, Mr. Grogan also created a national organization, “CEOs for Cities,” a global learning community dedicated to making cities successful. From 1986 through 1998, he was President and CEO of the Local Initiatives Support Corporation (LISC), the nation’s largest community development intermediary. During his term, LISC raised and invested more than $3 billion of private capital across America and contributed to a string of policy successes, including the Low Income Housing Tax Credit, the HOME program, the strengthening of the Community Reinvestment Act and the creation of the New Markets Tax Credit.

Paul’s passion for cities began in Boston where he served Mayors Kevin H. White and Raymond L. Flynn. He headed Boston’s neighborhood revitalization efforts in the early 1980s, pioneering a series of public/private ventures, including the Boston Housing Partnership and the Boston Compact, which have been widely emulated by other cities. Paul graduated with honors in American History from Williams College, earned a Master’s degree in Administration from the Harvard Graduate School of Education, and was awarded a Bicentennial Medal from Williams College for his leadership in inner-city revitalization efforts. Paul is a founder and director of The Community Development Trust, a director of New Profit Inc., and a trustee of Brandeis University. He previously served on the Boards of Williams College, FSG Social Impact Advisors, and the John S. and James L. Knight Foundation. He is the co-author, with Tony Proscio, of the book, Comeback Cities.

Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
-- -- --

Senior Staff

Name Title Experience/Biography
Stephen Chan Vice President of Strategy and Operations

Stephen Chan has held a number of strategic management roles at the Foundation since 2004. Currently as Vice President of Strategy and Operations, Stephen leads the overall development, implementation, and review of our long-term strategic direction as well as the day-to-day operations of the senior management team to ensure alignment across mission, strategy, and execution across the organization, and to monitor organizational performance and effectiveness. In this capacity, he oversees strategic planning, review, and learning, board relations, human resources, performance management, and facilities.

Stephen has served as an Advisor to Mayor Thomas M. Menino at the City of Boston where he led the Boston Food Policy Council and launched the Mayor’s Office of Food Initiatives to advance citywide efforts on farmers markets, urban agriculture, food trucks, and healthy school food. He also helped design and support various public-private initiatives to grow financial empowerment, boost college completion, foster school-community partnerships, and build family economic security. Stephen has also held a number of consulting roles, including advising the Boston Public Schools Office of Human Resources on the district’s teacher recruitment strategy and conducting research for a healthcare distribution industry association at Booz & Co.

Stephen received his MBA from Harvard Business School, MPA from Harvard Kennedy School, and BA with Honors in Public Policy from Stanford University. He is a board member of Boston Chinatown Neighborhood Center, Associated Grant Makers, and Asian American Pacific Islanders in Philanthropy. He also serves on the advisory boards of Generation Citizen Massachusetts, 1647, the Harvard Rappaport Institute for Greater Boston, and the Massachusetts Governor’s Asian American Commission. In 2006, he co-founded Saffron Circle, Boston’s first Asian giving circle. He lives in the South End neighborhood of Boston, and enjoys volunteering with his husband Tim for various civic and community initiatives.

Kate Guedj Vice President and Chief Philanthropy Officer

Kate Guedj joined the Foundation as Director of Philanthropic Services in 2000. In 2005 she was made Vice President for Philanthropic and Donor Services and in 2013, her role was expanded to Vice President for Development and Donor Services and in 2015, she was made Vice President and Chief Philanthropy Officer. In this capacity, she oversees the Foundation's development efforts and works with the Foundation’s donors to help them achieve their charitable and philanthropic goals. She manages philanthropic support activities for donors and fund advisors, and for the Foundation’s special funds and initiatives relating to donor grant making. Before coming to the Foundation, Kate was a senior executive with the Massachusetts Bar Association, overseeing their programs and services. She has also served as Director of the Massachusetts Bar Foundation, and its grant-making program providing legal services to the poor. She began her career at the Council on Foundations in Washington D.C. as a researcher, and eventually became Membership Director. Kate is on the governing boards the Bruce J. Anderson Foundation and the Deshpande Foundation. She holds a B.A. with honors in the division of the humanities from Swarthmore College.

 

Keith Mahoney Vice President for Communications and Public Affairs In 2016, Keith Mahoney was promoted from Senior Director of Public Affairs to Vice President of Communications and Public Affairs. In his role, he coordinates all communications efforts, including publications, marketing, public relations and public affairs. He also works closely with state legislators and local officials on legislation that will benefit the people of the Commonwealth and the City. Prior to joining Foundation, Keith was the Director of State Relations for Boston Mayor Thomas M. Menino, acting as a liaison to the legislative and executive branches of state government. Keith has also served as Legal Counsel and Legislative Director in the Massachusetts State Senate Committees on Post Audit and Oversight and Steering and Policy. Keith is a graduate of Trinity College and Northeastern University School of Law.
Leslie Pine Managing Partner, The Philanthropic Initiative

Leslie Pine has been the principal architect of TPI's creative approach to program design and strategy, managing TPI's program staff in the research, design, implementation, and evaluation of a wide range of innovative philanthropic strategies and initiatives. This work has transformed the concept of strategic philanthropy into high-impact philanthropic action, helping funders and corporations develop new and more effective approaches to the issues that concern them. Leslie also oversees TPI's ongoing assistance to a number of foundations and corporations. She has designed a range of philanthropic strategies including various youth development and mentoring initiatives; grants initiatives to stimulate innovation in K-12 schools and in community programs; corporate models to promote employee giving and community engagement; and initiatives designed to leverage grassroots community improvement efforts. Leslie participated in founding TPI in 1989 after a decade of policy research and analysis in the academic and governmental sectors. Prior to joining TPI, Leslie was the Senior Health Analyst for the Massachusetts Executive Office of Administration & Finance, responsible for assessing the state's most critical health priorities, and developing effective strategies and resources for meeting those needs. She is a graduate of St. Lawrence University, and received a Masters of Science degree in Health Policy and Management from the Harvard School of Public Health.

Al Van Ranst Chief Financial Officer

Al Van Ranst became the CFO of the Boston Foundation in February 2010. The Foundation manages $850 million for over 950 donor funds. Mr. Van Ranst has been tasked with improving the processes and internal controls of the Foundation. Van Ranst was previously a partner with KPMG LLP where he led the information technology audit practice in the Boston office for eight years. He focused on the evaluation of internal controls and developing staff. As a member of the American Institute of Certified Public Accountants Trust Services Task Force, Al led the development of the auditing standard for certificate authorities. Van Ranst also served on the American National Standards Institute’s Accredited Standards Committee that developed the technology standards for certification authorities.

From 1994 to 1996 he led the banking and finance practice in New England. During his career, Al also audited many nonprofit organizations and other for profit companies and partnerships.

Mr. Van Ranst received a M.B.A and a B.S in Economics from Cornell University where he served in the Development Office for two years while attending classes. He has been on a Cornell alumni advisory council for 12 years and a volunteer Treasurer of various nonprofit organizations for many years.

Orlando Watkins Vice President for Programs

Orlando C. Watkins oversees a discretionary grants fund of roughly $16 million and leads a Program Department staff of two dozen people who work across five core grant-making impact areas – Education, Health and Wellness, Jobs and Economic Development, Neighborhoods and Housing, and Arts and Culture – and two crosscutting strategy areas, Nonprofit Effectiveness and Grassroots.

Formerly Executive Vice President at Match Education, Orlando has over 20 years of experience developing and strengthening educational and community-based organizations. Prior to joining Match, Orlando held the position of Senior Director at the Boston Foundation, with responsibility for developing philanthropic partnerships with like-minded foundations and donors who are interested in strengthening communities through data driven, high impact initiatives. Before joining the Boston Foundation, Orlando served as Chief Development Officer for BELL, a leading national education organization. Prior to BELL, he spent several years as Vice President of Programs for the Greater New Orleans Foundation, including the years immediately following Hurricane Katrina.

Orlando’s career has also included significant leadership roles in government and in higher education including a Governor Appointment as Executive Director of the Louisiana Serve Commission. Orlando started his career as a social entrepreneur in Atlanta, GA where he co-founded FreeForm Academy, a private school for young children and served as founding Director of the NASA funded Inspiring Careers in Engineering Mathematics and Science at Morehouse College. Orlando has served on numerous boards including the Urban League of Greater New Orleans, New Schools for New Orleans, City Year Louisiana, the Institute for the Study of Race and Poverty at Tulane University, the International Center for Nonprofit Leadership at the University of New Orleans, Associated Grant Makers and MATCH Education/Charter Schools. Orlando is a graduate of Morehouse College and a recipient of the prestigious Echoing Green fellowship.

George C. Wilson Treasurer and Chief Investment Officer

George Wilson has been active in the investment field for over thirty years. His career has included serving as a Senior Investment Officer at Pension Reserves Investment Management, the $50 billion Massachusetts public pension plan, with responsibility at various times for overseeing its real estate, REIT, timber, and private equity portfolios. He also was a Vice President for Asset Management with GE Capital Investment Advisors, Inc., a partner with the New Jersey based investment banking firm of Robert A. Stanger & Co., and a certified public accountant at Price Waterhouse. George earned a BS in accounting and an MBA from Babson College, and a Master’s degree in taxation from Bentley College.


Awards

Award Awarding Organization Year
-- -- --

Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? Yes
Name of state association Massachusetts Nonprofit Network

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

--

CEO/Executive Director/Board Comments

--

Foundation Comments

--

Staff Information

Number of Full Time Staff 100
Number of Part Time Staff 0
Number of Volunteers 0
Number of Contract Staff 0
Staff Retention Rate % --

Staff Demographics

Ethnicity African American/Black: 12
Asian American/Pacific Islander: 4
Caucasian: 73
Hispanic/Latino: 3
Native American/American Indian: 0
Other: 8
Other (if specified): Two or more races
Gender Female: 67
Male: 33
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Yes
Organization has Strategic Plan? Yes
Years Strategic Plan Considers 6
Management Succession Plan --
Business Continuity of Operations Plan No
Organization Policies And Procedures Yes
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy Yes
State Charitable Solicitations Permit --
State Registration --

Risk Management Provisions

--

Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency Yes Annually
Non Management Formal Evaluation and Frequency Yes Annually

Governance


Board Chair Ms. Sandra Edgerley
Board Chair Company Affiliation Community Volunteer
Board Chair Term July 2016 - June 2017
Board Co-Chair Ms. Linda A. Mason
Board Co-Chair Company Affiliation Chair and Co-founder, Bright Horizons
Board Co-Chair Term July 2016 - June 2017

Board Members

Name Company Affiliations Status
Ms. Rosalin Acosta Managing Director, Senior Vice President, Enterprise Investment Advisors Voting
Ms. Zamawa Arenas Principal, Argus Voting
Mr. Andrew G. Arnott President and Chief Executive Officer, John Hancock Investments, Voting
Mr. Brian Conway Chairman and Managing Director, TA Associates Voting
Ms. Sandra Edgerley Community Volunteer Voting
Mr. Michael R. Eisenson Charlesbank Capital Voting
Ms. Grace Fey Grace Fey Advisors LLC Voting
Mr. Paul C. Gannon Retired Voting
Mr. Paul S. Grogan The Boston Foundation Exofficio
Rev. Dr. Gregory G. Groover Sr. Charles Street AME Church Voting
Mr. Paul W. Lee Goodwin Procter LLP Voting
Ms. Linda Mason Bright Horizons Voting
Dr. Myechia Minter-Jordan M.D., MBA The Dimock Center Voting
Mr. Keith Motley PhD Chancellor, University of Massachusetts Boston Voting
Mr. Peter Nessen Nessen Associates Voting
Mr. Ronald P. O'Hanley Fidelity Investments Voting
Mr. Greg Shell Bain Capital Voting
Mr. Scott Squillace Esq. Principal and Founder, Squillace & Associates, P.C. Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
-- -- --

Board Demographics

Ethnicity African American/Black: 4
Asian American/Pacific Islander: 1
Caucasian: 11
Hispanic/Latino: 2
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 7
Male: 11
Not Specified 0

Board Information

Board Term Lengths 5
Board Term Limits 2
Board Meeting Attendance % 69%
Written Board Selection Criteria Yes
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions --
Constituency Includes Client Representation Yes

Standing Committees

  • Audit
  • Compensation
  • Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
  • Executive
  • Governance and Nominating
  • Investment
  • Program / Program Planning

CEO/Executive Director/Board Comments

--

Foundation Comments

--

Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2015 2014 2013
Total Revenue $145,016,000 $242,507,000 $208,385,000
Total Expenses $147,266,000 $132,013,000 $125,049,000

Prior Three Years Revenue Sources

Fiscal Year 2015 2014 2013
Foundation and
Corporation Contributions
$28,077,535 $38,273,650 $47,471,086
Government Contributions $616,696 $894,000 $858,000
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified $616,696 $894,000 $858,000
Individual Contributions $93,671,424 $72,364,085 $81,956,503
Indirect Public Support -- -- --
Earned Revenue $1,896,000 $1,954,000 $1,801,000
Investment Income, Net of Losses $20,589,000 $128,662,000 $76,102,000
Membership Dues -- -- --
Special Events -- -- --
Revenue In-Kind -- -- --
Other $165,345 $359,265 $196,410

Prior Three Years Expense Allocations

Fiscal Year 2015 2014 2013
Program Expense $135,436,000 $120,811,000 $114,300,000
Administration Expense $7,667,000 $6,949,000 $6,998,000
Fundraising Expense $4,163,000 $4,253,000 $3,751,000
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 0.98 1.84 1.67
Program Expense/Total Expenses 92% 92% 91%
Fundraising Expense/Contributed Revenue 3% 4% 3%

Prior Three Years Assets and Liabilities

Fiscal Year 2015 2014 2013
Total Assets $992,253,000 $1,003,694,000 $896,216,000
Current Assets $33,112,000 $31,143,000 $35,798,000
Long-Term Liabilities $0 $0 $0
Current Liabilities $6,562,000 $15,753,000 $18,769,000
Total Net Assets $985,691,000 $987,941,000 $877,447,000

Prior Three Years Top Three Funding Sources

Fiscal Year 2015 2014 2013
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value $410,188,000.00
Spending Policy Percentage
Percentage(If selected) --
Credit Line Yes
Reserve Fund Yes
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? --

Short Term Solvency

Fiscal Year 2015 2014 2013
Current Ratio: Current Assets/Current Liabilities 5.05 1.98 1.91

Long Term Solvency

Fiscal Year 2015 2014 2013
Long-term Liabilities/Total Assets 0% 0% 0%

CEO/Executive Director/Board Comments

** Our revenue and expenses are not available as an estimate.  Per our audited financials, the total revenue figured noted above include realized and unrealized gains, which cannot be estimated due to stock market variances in unrealized gains.  Our total expenses includes all grants from our donors and our funds, which also cannot be estimated as the amount can vary significantly.

Foundation Comments

The financial summary data listed above is based on the audited financials.  Included in the summary data are the financials for four supporting organizations.  Programmatic expenses include grantmaking; revenue includes unrealized gains. 
 
Effective on January 1, 2012, The Philanthropic Initiative, Inc. merged with the Boston Foundation.

Documents


Other Documents

No Other Documents currently available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

--

2. What are your strategies for making this happen?

--

3. What are your organization’s capabilities for doing this?

--

4. How will your organization know if you are making progress?

--

5. What have and haven’t you accomplished so far?

--