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The Problem Solvers
The 2017 Boston Foundation Annual Meeting
A capacity crowd of more than 350 of the Boston Foundation’s closest friends attended the 2017 Annual Meeting on November 16 at the Foundation’s new Edgerley Center for Civic Leadership. The event featured the release of the 2017 Annual Report. Titled The Problem Solvers: How a Group of Unusually Creative Philanthropists Are Helping to Solve Boston’s Big Problems, it tells the stories of Boston Foundation donors who are doing far more than giving. They are launching nonprofits, serving on boards, volunteering their time and engaging in cutting-edge investment strategies. Also at the Annual Meeting, Boston Neighborhood Fellows were recognized for their important work in the community. Read more and meet the Problem Solvers and Boston Neighborhood Fellows... |
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New Space to Thrive
Modern. Welcoming. Efficient. Beautiful. These words have all been used to describe the Boston Foundation’s new space—both physical and virtual. In June, all the occupants of the 10th floor at 75 Arlington Street took a deep breath, sorted, winnowed, packed up and moved to the third floor, where the entire space had been carefully redesigned to suit the Foundation’s unique needs and functions. Hand in hand with the redesign of our office environment, a renovation of the Foundation’s online environment was in process behind the scenes with the launch of a new website on Halloween.
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“As a company founded with a deep commitment to service, we are thrilled
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A Gift of $50 Million Curriculum Associates Gift Makes History On September 14, the Boston Foundation received the largest gift in its history—$50 million—as part of the transfer of a majority investment in the Billerica, Massachusetts-based education company Curriculum Associates. The gift, sent via the Iowa State University Foundation, increased substantially from the initial amount announced at the beginning of last year due to the company’s rapid growth in the months before the transaction was finalized. “This is a transformative gift in the history of the Boston Foundation,” said Paul S. Grogan, President and CEO. “We are deeply honored to have been selected by Curriculum Associates as the recipient of this gift, which will be put to work in efforts to solve some of the Boston area’s biggest problems.” |
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Introducing Emma B. Penick Director of Estate and Gift Planning
Recently joining the Boston Foundation as Director of Estate and Gift Planning is Emma B. Penick. Her strong background in business is matched by a deep understanding of the nonprofit sphere, in particular education and the arts. She worked for a strategy consulting firm, helping corporations with mergers, acquisitions and bankruptcy reorganizations, and more recently managed fundraising operations at two universities and two major arts organizations. Besides business chops gained through these professional achievements and an M.B.A. from Harvard, Emma has a notable skill in humanizing a field where the lingo can be off-putting or obscure. Along with her intellectual and analytic horsepower she brings a frank sincerity and cheerful pragmatism. Emma comes to the Foundation from Boston University, where she served as a leadership gifts officer for the Questrom School of Business.
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Massachusetts United for Puerto Rico Raises More Than $3 Million Grants First $1 Million for Relief, Recovery and Relocation Just one week after Hurricane Maria devastated the island of Puerto Rico in late September, Mayor Martin J. Walsh and the Boston Foundation, in partnership with the Latino Legacy Fund and civic leaders from Boston’s Latino community, announced the creation of Massachusetts United for Puerto Rico/Massachusetts Unido por Puerto Rico. |
SUPPORT THIS CRUCIAL FUND The need only grows both for residents of Puerto Rico and those organizations helping families displaced from the island. Please go to tbf.org/puertorico to contribute. |
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Leaning In on Diverse and Inclusive Nonprofit Leadership The Institute for Nonprofit Practice In 2007, Barry Dym was a consultant to nonprofits when he observed that there was very little diversity in the ranks of senior management. That realization contributed to his founding of the Institute for Nonprofit Management and Leadership. The Boston Foundation was “there at the beginning” with a $75,000 seed grant. Today, concerns about diversity in the nonprofit workforce have gained urgency for Greater Boston. Interest in the issue was reflected by the hundreds of nonprofit stakeholders who attended a forum on October 18 at the Boston Foundation titled Race to Lead: Confronting the Nonprofit Racial Leadership Gap. |
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EXPLORING EARLY CHILDHOOD As part of its Vision 2020 strategic plan, the Boston Foundation is deepening its focus on the critical pre-natal to age five early childhood years to improve children’s readiness for success in school and life. These two forums were the first of several forums and smaller convenings planned for the coming year to raise public awareness of opportunities and challenges in early childhood. |
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IDEAS FROM THE URBAN CORE The Greater Boston Housing Report Card Calls for More Action Beyond Boston This year’s Greater Boston Housing Report Card was released on November 28 at a packed forum at the Foundation’s new Edgerley Center for Civic Leadership. It got people talking, including The Boston Globe, Boston Business Journal, Bay State Banner, other newspapers and WBUR. |
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Visit the Events section to learn about recent and upcoming events... |
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A total of 44 Brother Thomas Fellows have received $660,000 in unrestricted funds from the program. |
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Meet the New Class of Brother Thomas Fellows
A Special Arts Initiative of the Boston Foundation In the 1970s, when Brother Thomas, a Benedictine monk and a ceramic artist, first met Sue and Bernie Pucker, owners of the Pucker Gallery on Boston’s Newbury Street, ceramics were considered to be more craft than art. Brother Thomas changed that perception forever. Today, his work can be found in more than 50 national and international museums and galleries, including the Pucker Gallery, which holds the largest and most diverse collection of his work. Toward the end of his life, Brother Thomas joined forces with the Puckers to create a legacy that would benefit other artists at critical junctures in their careers through the sale of his work. The Brother Thomas Fund was established at the Boston Foundation in 2007 to honor Brother Thomas’ legacy. Today, the proceeds of the sale of the remarkable works held by the Pucker Gallery—a series of breathtaking vessels with luminous and delicate glazes—support the Brother Thomas Fellowships at the Boston Foundation. In October, the fifth class of Brother Thomas Fellows was announced—numbering 14, more than in any previous class. Read more and meet the fellows... |
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THERE AT THE BEGINNING Social Finance Social Finance connects private capital, nonprofits, foundations, governments and financial institutions to structure and manage innovative financing for local programs to improve the lives of people in need. This includes Pay for Success, which brings nonprofit and investment funds to projects with promising outcomes. When those outcomes yield measurable, positive results, government entities take on the funding and investors (and society) gain a return. |
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TBF News (c) The Boston Foundation Editors/Barbara Hindley and Sandy Kendall |
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Follow the Boston Foundation on FACEBOOK, TWITTER, YOUTUBE and LINKED IN. |
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