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Genuardi Family Foundation

Genuardi Family Foundation. 2012 Winter Board Meeting Executive Director’s Report February 16, 2012 Cedarbrook Country Club, Blue Bell, PA. Agenda: 11:30 AM -12:45 PM. Philanthropy Snapshot 2012 Grant Cycle 2012 Budget Grant Programs & Processes Proposed Grants

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Genuardi Family Foundation

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  1. Genuardi Family Foundation 2012 Winter Board Meeting Executive Director’s Report February 16, 2012 Cedarbrook Country Club, Blue Bell, PA

  2. Agenda: 11:30 AM -12:45 PM • Philanthropy Snapshot • 2012 Grant Cycle • 2012 Budget • Grant Programs & Processes • Proposed Grants • Genuardi Brothers’ Scholarship at SJU • Communications • Board Policies & Procedural Issues • Calendar items

  3. GFF: • Family Foundation • Incorporated 11 years ago • 14 Board members • Assets of $25+ million • Makes 125+ grants per year • Median grant size of $5,000 A Typical Foundation: Family Foundation Incorporated 21 years ago 5 Board members Assets of $14.2 million Makes 37 grants per year Median grant size of $13,700 Through The Lens Of Philanthropy… Source: Association of Small Foundations, 2011 Foundations Operations & Management Report, based 532 respondents to a survey conducted in 2011.

  4. Board/generational succession Need for greater focus/impact in grantmaking Lack of/slow asset growth Too many good proposals Top Important Issues Facing Foundations Today… Source: Association of Small Foundations, 2011 Foundations Operations & Management Report, based 532 respondents to a survey conducted in 2011.

  5. 12 Years of GFF Grantmaking

  6. History of GFF Grantmaking • Between 2000-2011: • 646 applicants (unduplicated)* • 306 grantees (unduplicated) • 435 applicants who didn’t receive funding* *Does not include declined LOIs

  7. The Fall & Rise (& Fall) of the Grant Budget… • *25% lower than $1,150,000 estimate PwC projected on 2.10.11, and 2% lower than $873,000 PwC projected on 11.11.11.

  8. $855,000 Grant Budget for 2012

  9. Process Changes This Year… • Evolved use of technology • Charity check • Online application evaluations • Electronic grant agreements • Shorter LOI period, earlier grant deadline for Core Grant process resulted in earlier grant review • Collaborative funding with MCF • Precise classifications (30) versus 4 broad sectors for comparison • Introduction of two new grant programs: • Philadelphia Fund • Strategic Initiative

  10. 3 Grant Programs & Redefined Geography • Core Grant Program: • 4-counties, unless invited by a Board member • Includes discretionary • Excludes programs based in and operating solely in Philadelphia • Excludes NJ & DE organizations • Philadelphia Initiative (new 2012): • For organizations based in and operating in Philadelphia whose program can serve as a model for replication • By invitation only • Strategic Initiative (new 2012): • By invitation only • Selected by Board for larger grants to support innovative work

  11. Grantmaking Priorities • Promote the unity, health and well-being of families • Maternal and child health • Services for the disabled • Medical and dental care • Improve access to basic services for the most vulnerable in our communities • Food distribution • Housing and homelessness prevention • Emergency services • Prepare children, youth and adults for success in their schools, in the workplace and in their communities • Behavioral health • Vocational training and workforce preparation • Youth development • Invest in systems and sustainable change efforts that will break cycles of poverty, vulnerability and need, and build toward a better future for all people • Collaborations • Service coordination and delivery • Programs designed to build individual self-sufficiency

  12. Core Grant Statistics 2009-2012

  13. Core Grants: Who Was New in 2011? Of 184 invited applicants who submitted full proposals …

  14. New vs. Repeat 2012 Core Grantees *”New” indicates 1st time grantee, but not necessarily first time applicant

  15. Service Area Geography of 2012 Core Grantees* *Service area was self identified in application; counties not mutually exclusive

  16. Trend: Gen Op Grant $ as a % of Total Grant Budget

  17. Trend: # Gen Op Grants as % of Total # of Grants

  18. Site visits • 52 site visits this cycle • Started earlier – at approved LOI • Site visited all PF/SI applicants • MH joined by Larry, Skip, Bob, Charles, Matthew, Beth B., Stephanie & Vicki …thanks!

  19. A few highlights among the proposed 2012 grantees…

  20. 2012 Joint Challenge Grantee:VNA Community Services (Abington) • Joint $15,000 challenge grant offered by GFF and Montgomery County Foundation ($7,500 each foundation) • Minimum $1000 gifts; goal of building major donor pipeline • This VNA has been a 9-time grantee, earning $87,500 between 2003 and 2011 • General operating grant will support access to primary health care for 5,700 at-risk children & adults: • Children’s Health Centers • Personal Navigator Program • In-Home Services Program • Health Screenings and Counseling

  21. 2012 Philadelphia Fund • Issue area: Homelessness and housing in Philadelphia • We sought innovative solutions from organizations whose work endeavors to: • Break intergenerational cycles of poverty and homelessness; and/or • Target the most vulnerable & chronically homeless

  22. 5 Philadelphia Fund Invitees • AchieveAbility • Doe’s Fund’s Ready Willing & Able • Drueding Center/Project Rainbow • Project H.O.M.E. • Whosoever Gospel Mission and Rescue Home All five applied; two were selected for grants.

  23. Philadelphia Fund Proposed Grantee:Project H.O.M.E. • Project: Hub of Hope • Serves most vulnerable, chronically homeless individuals in Philadelphia “where they are” • Innovative approach: started in subway concourses • Robust partnerships, many volunteers • Goal: end chronic homelessness in Philadelphia in 3 years • PF grant recommendation: $25,000

  24. Philadelphia Fund Proposed Grantee:Drueding Center/Project Rainbow • Project: Multi-generational case management for homeless & formerly homeless families • Niche: single moms ages 18-25 & their kids • Long-term approach – up to 9 years plus after care • Proven results: 92% are housed 3 years out of program • Goal – permanent and stable housing for clients, and multi-generational care so kids don’t repeat cycle of homelessness • PF grant recommendation: $25,000

  25. 2012 Strategic Initiative • Issue area: Access to Prenatal, Obstetrical & Infant Care for Low-Income Women & Families; alarming birth outcomes in Norristown in particular • We sought innovative solutions from organizations whose work endeavors to: • Increase access to prenatal and OB services for low-income women in 4-county area • Increase access to newborn care for families in 4-county area

  26. 2012 Strategic Initiative Invitees • Abington Memorial Hospital’s OB/GYN Center and Santerian Newborn Center • Maternal & Child Health Consortium of Chester County • Maternity Care Coalition • Montgomery Hospital’s Prenatal Care Clinic • Delaware Valley Community Health’s Norristown Regional Health Center

  27. 2012 Strategic Initiative Invitees • Abington Memorial Hospital’s OB/GYN Center and Santerian Newborn Center • Maternity Care Coalition • Maternal & Child Health Consortium of Chester County • Montgomery Hospital’s Prenatal Care Clinic • DVCH’s Norristown Regional Health Center Three of five applied; two were selected for grants.

  28. Strategic Initiative Proposed Grantee:Abington Memorial Hospital’sOB/GYN Center & Santerian Newborn Center • One of few hospitals in region that still delivers babies and provides prenatal care, regardless of insurance • Has a unique newborn care center providing critical care for uninsured 0-3 mos. babies, and secures them a permanent medical home • 2012 Goals: • Provide prenatal care to 1200 low-income women • Serve at least 350 infants • SI grant recommendation: $25,000

  29. Strategic Initiative Proposed Grantee:Maternity Care Coalition's Norristown & Pottstown Early Head Start Programs • Proactive in-home care to low-income pregnant mothers to receive prenatal care and education, for improved birth outcomes. • Maintain in-home visits for 2 years after child’s birth • Connect families with insurance and other resources, including enrollment 300+ kids in CHIP and Medicaid. • Advocacy for system changes to reduce barriers to care and improve access to care for low-income women and families • SI grant recommendation: $25,000

  30. Board Ratification of 2012 Grants • Questions/suggestions? • Call for approval of proposed 2012 grants

  31. Conflict of Interest Policy Check writing/signing Online grant agreements BOARD POLICIES & PROCEDURES

  32. À Propos… • “Where there is much desire to learn, there of necessity will be much arguing, much writing, many opinions; for opinion in good (wo)men is but knowledge in the making.” -- John Milton, Aeropagitica, 1644

  33. Proposed Board Policy: Conflict of Interest • What constitutes a Conflict of Interest? • Intersection of Foundation roles & outside roles • Potential for Foundation insiders to benefit from the foundation in a personal, direct or economic way • If overlooked: Risks family/foundation reputation, steep IRS penalties • Recommended by ASF, DVG, COF & IRS

  34. Common COI Examples • Foundation trustee serves on a grant applicant’s Board • Foundation hires a family member’s business to perform a service non-essential to Foundation operations (e.g., real estate) • Foundation makes a grant to a private school/college where a trustee’s child attends • Foundation trustee’s nephew is employed by a grant applicant

  35. Self-Dealing Rules • Ensure foundation assets are used for charitable purposes rather than private benefit • Prohibit a range of transactions between private foundations and their insiders • Broad, absolute rules carrying significant IRS penalties if broken for: • Foundation • Involved trustee/insider, even if s/he acted unknowingly • Foundation manager who approved transaction

  36. Common Self-Dealing Examples • Rent: Any payment of rent to an insider, even at below market rates • Attending fundraisers: OK for trustees/staff if aids assessment of potential grantee, but spouses may attend only if their paid nonprofit full ticket price • Fulfilling a personal pledge: the legally binding individual pledges of Foundation insiders cannot be fulfilled with foundation funds

  37. COI Helps Manage Conflicts • Removes bias (or appearance of such) • Puts disclosure and decision making processes in place • Helps Board and staff: • Comply with laws • Maintain ethical integrity • Uphold Foundation and Family reputation

  38. Proposed COI Policy • Annual disclosure of potential conflicts • Executive Committee reviews disclosures, determines which connections are actual/material conflicts • For actual conflicts: • Board member in question recuse from decision making • Require competitive bids for significant transactions • EC will keep written records of conflicts and recusals, documenting unbiased decisions • Proposal sent to Board for review 2/13/12 • Edits • Vote to adopt?

  39. Also procedurally new… • Check writing • QuickBooks (vs. manual) • Online grant agreements & electronic award notification • GLM • Mail merged blast email (Mail Chimp)

  40. Coming up soon… • DVG seminar: Mission Related Investing • Thursday February 23, 2012, 8:30 AM to 1 PM • Where: The Reinvestment Fund (Philadelphia) • DVG Annual Members’ Meeting • Tuesday March 20, 2011, 3:00 to 6:00 PM • Lenfest Hall at Curtis School of Music (Philadelphia). • Attending thus far are LG, Stephanie, Vicki, Beth B. and Adam. • MH’s maternity leave dates (approximate) • Monday, March 12 to Friday June 7, 2012 • Scholarship Finalist interviews • Thursday April 12th – approx. 9 AM to 12:30 PM (SC only) • Academy of Food Marketing , Mandeville Hall, SJU • SJU Scholarship Annual Award Luncheon • Tuesday April 24th (all Board and family welcome – 2nd to 4th gen) • Location TBD • Spring 2012 Board retreat • Sunday, May 20-Tuesday, May 22. Meetings: Monday May 21st • Nemacolin Woodlands Resort (Farmington, PA): • Fall Board meeting – need to set date

  41. Thank you!

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