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CNJG joined 250 delegates from the across the country over 3 days last week for Foundations on the Hill. Joining me, the CNJG delegation included Jeremy Grunin, President, Grunin Foundation, Calvin Ledford Jr., President, and Maria Spina, Manager, PSEG Foundation, Marianna Schaffer, Vice President of Programs, Geraldine R. Dodge Foundation, Catherine Wilson, President and CEO, United Way Greater Newark, and Lucy Vandenberg, Executive Director, Schumann Fund for New Jersey. Lucy serves as the co-chair of the CNJG Leadership and Policy Committee. For the last few years, we’ve also been joined by Linda Czipo, President and CEO, New Jersey Center for Nonprofits. Linda’s voice elevates our conversations and helps ground them in the work nonprofits do every day.
While we were in Washington, the Charitable Act was introduced by Senators Lankford and Coons during a press conference on March 1. The bipartisan bill makes charitable giving available to nonitemizers. Throughout our meetings, we urged our legislators to support this proposal, and hope it will be introduced on the House side soon. Several United Philanthropy Forum staff and FOTH participants attended the announcement, including Calvin, Maria, and Catherine.
CNJG’s Strategic Plan positions the Council to move beyond “defense of the sector issues,” and this year, in addition to advocating for charitable giving, we also advocated for the Nonprofit SEAT Act. This proposed legislation, if done right, could be a game changer. The bill proposes to create the White House Office on Nonprofit Sector Partnership, an interagency council, and advisory board. It directs the Bureau of Labor Statistics to release quarterly economic data on the nonprofit sector in the same way as other industries. While on the Hill, we heard the bill is likely to be introduced in the next few weeks.
In addition to advocating for legislation that supports our work, and educating Congress about the social sector, FOTH also helps build relationships with our Congressional delegation. We were thrilled to meet directly with Representatives Watson Coleman, Kim, and Payne, and newly elected Congressman Kean. Relationship building and partnerships are key approaches highlighted in our strategic plan because they are integral to moving forward philanthropy’s impact.
On Thursday, 3/9 at 12:00 noon, we’ll jointly host with the New Jersey Center for Nonprofits, a webinar outlining the 2023 CDS program with the Office of Senator Menendez. The Congressionally Directed Spending (CDS) program enables members of Congress to allocate existing funding for specific local projects by nonprofit organizations. Senator Menendez’ staff will outline the program, eligibility requirements, and application procedures. We hope you’ll join us, and encourage your grantees and nonprofit partners to attend. Register here.
It was quite an eventful 3 days – advocating for important policy, witnessing the introduction of the Charitable Act, strengthening and building relationships with our legislators, planning a webinar to inform the sector about funding opportunities, and engaging in activities that support our strategic plan.
Another important platform to strengthen and inform both the philanthropic and nonprofit sector in NJ is on May 23. The Conference for the Social Sector: Doing Good Better will explore how funders and nonprofits can address philanthropy’s power imbalances, rethink traditional grantmaking practices to better serve New Jersey communities, and position equity as a driving force. Register today!
Sincerely,
Theresa Jacks, President and CEO
Council of New Jersey Grantmakers
The Trust-Based Philanthropy Project is pleased to announce a six-part webinar series addressing common questions, clarifying misconceptions, and exploring ways to overcome obstacles in implementing trust-based philanthropy. CNJG is pleased to share this opportunity with our members.
Series Description: Trust-based philanthropy is a philosophy and approach rooted in values of relationship-building, mutual learning, and systemic equity – with a vision of advancing a healthier and more impactful nonprofit sector. While this approach is generally associated with six core grantmaking practices such as multi-year unrestricted funding and streamlined paperwork, the day-to-day work of trust-based philanthropy is very nuanced and dynamic. In fact, funders who have embraced this approach are finding that it requires ongoing self-reflection and rigor with regards to how they think about – and evolve – many of the deeply embedded practices and assumptions of traditional philanthropy.
Given these nuances, it is not surprising that there are many questions and occasional misperceptions about what it actually means to embody trust-based philanthropy in practice. In this 6-part webinar series, the Trust-Based Philanthropy Project will explore some of the most commonly asked questions and the underlying misperceptions that may be roadblocks to understanding and operationalizing trust-based philanthropy.
Each session in the series will focus on a frequently asked question from the field, and will feature perspectives from foundation leaders and others who have grappled with similar or related questions. At the end of each session, participants will walk away with: 1) a deeper and more nuanced understanding of the underlying cultural philosophy of trust-based philanthropy; 2) tips for how to think about and approach these nuances in their own work; and 3) talking points for how to answer these FAQs when they come up from colleagues or peers.
Each session will also provide dedicated space for small-group peer dialogue (among CNJG members) about ways to implement these practices into your grantmaking.
Who should attend: Anyone in a grantmaking role that is curious about understanding the nuances of trust-based philanthropy and how it applies to your work. This series will be ideal for those who have some baseline familiarity with trust-based philanthropy and have questions about how it manifests in practice.
Please note: this webinar series is separate from CNJG’s 2023 Conference for the Social Sector, which features an in-person luncheon keynote by the Trust-Based Philanthropy Project. CNJG’s conference is open to both funders and nonprofits, so the keynote will differ from this series. Because CNJG’s Doing Good Better initiative leans on the principles of Trust-Based Philanthropy, we encourage our members to register for these sessions - as time allows - for funders to learn about different approaches to changing systems in New Jersey.
Demystifying Trust-Based Philanthropy Series Sessions
Session #1: Does Trust-Based Mean Unconditional Trust?
Session #2: Does Unrestricted Funding Automatically Make a Funder Trust-Based?
Session #3: How Do We Approach Risk and Due Diligence in Trust-Based Philanthropy?
Session #4: What Does Grantee Accountability Look Like in Trust-Based Funding?
Session #5: How Do You Measure Impact in Trust-Based Philanthropy?
Session #6: What Does Racial Equity Have To Do With Trust-Based Philanthropy?
Resources
Recording: Session 3: How Do We Approach Risk and Due Diligence in Trust-Based Philanthropy?
Transcript: Session 3: How Do We Approach Risk and Due Diligence in Trust-Based Philanthropy?
Presentation: Session 3: How Do We Approach Risk and Due Diligence in Trust-Based Philanthropy?
Trust-Based Philanthropy Peer Exchange for Grantmakers
The 6 Practices of Trust-Based Philanthropy
Trust-Based Philanthropy in 4D Overview
Legal Considerations for Trust-Based Philanthropy
How to Show Up in a Trust-Based Way
I can't believe October is already here! We are deep in planning for the CNJG 2024 Annual Meeting & Holiday Gathering, and I'm thrilled to invite you to be a part of this special event!
Mark your calendars for Wednesday, December 11, as we come together at the APA Hotel Woodbridge with over 150 Council members and special guests to celebrate the holiday season, welcome new members, and host a brief business meeting to elect trustees. It's also the perfect time to connect with colleagues and friends, old and new, while participating in a thought-provoking discussion about the ever-important topic of leadership in philanthropy.
This event is the one time each year where New Jersey’s philanthropic community comes together to connect, network, learn, and celebrate our collective work. It's a time to reflect on our impact, recharge with new ideas, and plan for the year ahead. Guided by the CNJG Signature Program Committee’s vision for this event, our focus this year is on leadership: Inspiring Change through Leadership: Maximizing Philanthropic Impact. Our morning workshop will explore the New Jersey Principles for Philanthropy – our equity principles emboldening leadership in action, followed by our keynote presentation featuring Amalia Brindis Delgado, Chief Strategy Officer, Panta Rhea Foundation, focused on transformative leadership transitions. It's a topic that feels more important than ever, and I can't wait for the conversations it will inspire.
The Annual Meeting is truly a highlight of the year. In addition to your participation, I invite you to consider supporting the Annual Meeting of Members through a sponsorship, grant, or contribution. Whether you've sponsored before or are considering it for the first time, this is an incredible opportunity to show your support for CNJG, while also raising visibility for your organization. We offer a variety of sponsorship options to fit any level of interest, and we're happy to tailor a package to meet your needs. Your support would help underwrite this vital event, ensuring it continues to serve as a place where our sector can grow stronger together. It's a valuable opportunity not only to give back to CNJG, but to highlight your commitment to the philanthropic community and its ongoing work in New Jersey.
If you'd like more information regarding sponsorship, please reach out to me via e-mail.
A big thank you to our sponsors to date - we couldn't do this without you! Special thanks to Signature Sponsor – Prudential; Contributing Sponsors – Devils Youth Foundation and Robert Wood Johnson Foundation; Supporting Sponsor – Grunin Foundation; and Colleague Sponsor – Horizon Blue Cross Blue Shield of New Jersey.
Thank you for your continued engagement with CNJG. I'm looking forward to hearing from you soon and can't wait to see you at the CNJG Annual Meeting & Holiday Gathering in December. Until then, enjoy the beauty of fall!
Warmly,
Theresa Jacks, President and CEO
Council of New Jersey Grantmakers
Six million immigrants in the US have jobs that could increase their risk of contracting the virus -- from physicians and home health aides to agriculture and food production workers. Another 6 million work in areas that have suffered major financial loss, including the restaurant and hospitality industry, in-home childcare, agriculture, and building services.
Yet, documented and undocumented immigrants are ineligible for federal relief funds and government-sponsored safety-net programs. Many “essential” workers lack health insurance. Language barriers often make getting services difficult. And, fear of repercussion if they test positive for COVID or uncertainty around immigrant policies prevent many immigrants from even seeking assistance.
During this webinar briefing, we will hear from Abel Rodriguez, Director for the Center on Immigration and Assistant Professor of Religion, Law, and Social Justice at Cabrini University and Sara Cullinane, Director of Make the Road New Jersey.
Topics will include:
• How immigrants and their families have been impacted by COVID, nationally and in our state.
• Supporting immigration policies and programs that advance the social and economic well-being of immigrant populations.
• Efforts in New Jersey communities to provide direct support, education, and other needed resources to immigrants during the pandemic.
Nearly 1 in 4 New Jersey residents is an immigrant. And despite their vital importance to this state and our country’s culture and economy, immigrants are often left out of programs and denied services that are critical for recovery. Join us for an important briefing on why your organization’s response to COVID must uplift immigrants and their families – now and for the future.
Cost: Free for CNJG Grantmakers. $50 for Non Member Grantmakers
Webinar Video
Retributing Power by Simplifying and Streamlining Processes
Sisters of St. Joseph Health & Wellness Foundation
When Beth Collins joined the Sisters of St. Joseph Health and Wellness Foundation as the new Executive Director, she knew that the foundation could be doing more to support its nonprofit ecosystem. With a background in direct service, Beth remembered when she was on the other side of the funding relationship – sometimes spending hours writing lengthy application materials or digging up data to meet reporting requirements, all while juggling her never-ending to-do list. By aligning the values of Trust-Based Philanthropy to the virtues and mission of the Sisters of St. Joseph, she has catalyzed a shift toward redistributing power in its community partnerships.
This power shift began when Beth started a conversation about values with the foundation board. By approaching the board with curiosity and bringing the voice of the community into the conversation, she set the tone for trust, openness, and an ongoing dialogue. The Foundation is now working toward fully embodying its values in its practices. The Sisters of St. Joseph have expanded their general operating support portfolio, shifted the bulk of the application process from applicants to the Foundation, replaced written reports with honest conversations, and created more opportunities for the public to provide feedback and engage in candid dialogue with the board. Focusing on only the essential information for applications and reporting has enabled staff to redirect their time and energy to develop wholehearted relationships with community partners. By starting with the why, Beth is leading the Foundation toward a clear vision for the how: “Trust Based Philanthropy is about humility – at Sisters of St. Joseph, we recognize that we are just one piece of the puzzle – and we are encouraging others to think outside of themselves.”
Offering Support Beyond the Check
Liberty Hill Foundation
A community-funded foundation since day 1, Trust Based Philanthropy is at the core of the Liberty Hill Foundation. Centered on social justice campaigns, research, and policy initiatives designed to drive systemic change, Liberty Hill Foundation refers to itself as a "Laboratory for Social Change Philanthropy”. When Julio Marcial stepped into the role of Senior Vice President of Programs, he looked beyond the funding and considered the myriad of ways the foundation can support community partners beyond the check by connecting them to other funders and donors. As a member of several pooled funds in Los Angeles, Liberty Hill Foundation proactively seeks opportunities that will benefit their community partners. The Foundation has introduced many funders in their circle to Trust Based Philanthropy principles – this has sparked several conversations at other foundations serving Los Angeles county, several of which have since shifted their practices. Beyond private and public foundations, Marcial advocates for a push to Trust Based Philanthropy in California state funding agencies.
The Liberty Hill Foundation embraces itself as a fundraiser for its nonprofit partners and its responsibility for the Los Angeles community. The Foundation raises the funds and opens doors for nonprofits and then “steps out of the way,” says Julio. According to Julio, partnerships are the key to maximizing trust and impact in the community: “We can't do this without our partners, peers, and donors. We need to call each other out – and to call each other in.”
Leading with Trust, Transparency, and Responsiveness
Headwaters Foundation
Headwaters Foundation is a health-conversion foundation working side by side with the community to achieve better outcomes towards a healthy and thriving Western Montana. Brenda Solorzano, CEO of Headwaters, has been at the helm of the foundation since its inception in 2017. With over 20 years of experience in traditional philanthropy, Brenda began asking big questions about standard philanthropic practices. Brenda is especially focused on tapping into the collective knowledge and experience of the community to create impactful systems. Early on in her tenure as CEO, Brenda shared her vision for Trust Based Philanthropy with the foundation’s board and they have supported her as she’s stewarded the foundation through its strategic planning process.
Community input and feedback was important to Brenda. With the board’s support, she took this a step further by engaging the community as co-creators and decision-makers. To accomplish this, Brenda invited 600 nonprofit representatives across the state to the table to share their thoughts. Brenda asked each person 2 questions: “If you were in my seat, what do you think the foundation should prioritize?” and “What’s the biggest challenge in your work?” By creating a space for open dialogue, Brenda took the pulse of the real challenges in Western Montana communities.
Soon after her introduction to Western Montana’s nonprofit sector, Brenda called on the community again to help design the foundation’s strategic focus. She hosted a series of public community meetings in each of Montana’s 15 counties. Headwaters facilitated a design-thinking process for members to discuss their challenges and co-create solutions. Two key strategies emerged: upstream systems and social change determinants prioritizing children and Indigenous populations.
Brenda engaged the community as decision-makers as Headwaters explored partner organizations for the foundation’s child thriving portfolio. The community nominated and voted on non-profit partners in a live meeting. This was a new approach and even some staff were nervous about the outcome. Headwaters proudly reports that a few years later, many of the organizations selected have grown to become blossoming collaborations. Grounded in Trust-Based principles since its inception, Headwaters is an exemplar of what it means to Do Good Better. Brenda says, “Trust Based Philanthropy is about starting from a place of trust.”
Co-Creating Goals by Soliciting and Acting on Feedback
T. Rowe Price Foundation
When John Brothers joined T. Rowe Price Foundation as President in 2015, the Foundation’s home in Baltimore was in the midst of social unrest following the tragic murder of Freddie Gray, a 25-year old Black man arrested over his legal possession of a knife and sustained injuries while being transported by the Baltimore Police. The T. Rowe Price Foundation recognized that it was a critical time to pause and listen to the Baltimore community. Within months of joining the Foundation, John Brothers and the Foundation team began an ongoing dialogue within Baltimore – in homes, places of worship, and community spaces. By leaning into the expertise and experience of community partners, John developed the T. Rowe Price’s Theory of Philanthropy, which mirrors principles to those similar to Trust-Based Philanthropy.
T. Rowe Price’s Theory of Philanthropy centers long-term impact by strategic investments in areas identified in partnership by those who live and work within the Baltimore community. The Foundation and community partners co-define a vision for success and community partners are trusted with the agency to make decisions in pursuit of shared goals. T. Rowe Price’s Theory of Philanthropy is considered a distinct model among other large corporate foundations. When asked how John managed to gain board consensus on this novel approach, he characterized the Theory of Philanthropy with a business metaphor: “People don’t buy stocks for an iPhone – they invest in Apple.” The Foundation focuses on supporting nonprofit organizations in a holistic way. By listening to the community early on, John shifted the Foundation’s approach from funding a variety of important, yet disconnected, programs to a co-creating strategic investment of capital and other support on more focused efforts that will have a lasting impact. To learn more please visit troweprice.com/foundation.
Doing Good Better, a partnership of the Council of New Jersey Grantmakers and the New Jersey Center for Nonprofits, is a community of funders and nonprofits taking action against the power imbalances and racial inequities in philanthropy, nonprofits, and government.
In March 2024, Governor Murphy signed into law significant reforms to the ways that New Jersey enforces municipal affordable housing obligations under the state Supreme Court Mount Laurel doctrine. The new law creates enhanced affordable housing opportunities for New Jersey’s low-and moderate-income households, while seeking to streamline the affordable housing development process by setting clear guidelines for determining housing obligations. It is expected to reduce legal costs and judicial involvement. Join Adam Gordon, Executive Director and Emily Devenney, Grants and Development Manager of the Fair Share Housing Center for a conversation about what this new legislation means for philanthropy.
Since the revival and improved enforcement of the Mount Laurel Doctrine in 2015, New Jersey has seen a considerable increase in affordable housing production. However, there remains a substantial shortage of affordable homes in the state, particularly for very low-income residents. The legislation aims to address this gap by ensuring that every municipality contributes its fair share of affordable housing.
Key features of the legislation include a streamlined process for determining affordable housing obligations, codification of methodology for calculating these obligations, increased transparency in the housing development process, and the repeal of the state Council on Affordable Housing (COAH). Additionally, the legislation prohibits wealthy towns from avoiding their housing obligations through regional contribution agreements.
Cost: Free for CNJG Members; $50 for Non Member Grantmakers
Adam Gordon is the Executive Director of FSHC and leads FSHC’s coordinated strategy of organizing, litigation, and policy development to advance racial, economic, and social integration throughout New Jersey and the United States. Since joining the organization in 2006, he has worked to implement the Mount Laurel Doctrine which has created over 70,000 affordable homes in historically exclusionary NJ communities, litigated the largest federal fair housing case in American history, and worked to make federal disaster recovery policy more equitable. Under his leadership FSHC has secured the passage of the first statewide Fair Chance in Housing Act to limit discriminatory tenant screening policies and a landmark $305 million fund to accelerate affordable housing development. Gordon holds a B.A. and J.D. from Yale University.
Emily Devenney joined Fair Share Housing Center as the Grants & Development Manager in January 2024. She comes with experience in fundraising and community organizing, and strong connections to South Jersey, where she was born and raised (and likely will never leave). Emily has a B.A. in Economics and a Masters of Public Policy from the University of Massachusetts Amherst and a Certificate in Fundraising from Villanova University.
Webinar Video
Foundations Facilitate Diversity, Equity, and Inclusion: Partnering with Community and Nonprofits, a new report by the OMG Center for Collaborative Learning, confirms that foundations can, in fact, facilitate diversity, equity, and inclusion (DEI) through their grantmaking processes and their partnerships with nonprofits—and identifies eight specific practices for foundations to emulate.
The report takes a deep dive into the work of nine foundations that represent a diverse cross-section of types and sizes, and offers useful lessons about how foundations can better partner with nonprofits to be more effective in their work.
"Co-Creation" is a case study about the Connecticut Early Childhood Funder Collaborative, a project of the Connecticut Council for Philanthropy. The case study, written by Patricia Bowie, examines co-creation, an emerging systems change collaboration model which grew out of a funder-and-state partnership. This unique partnership led to the creation by executive order of a new and independent Office of Early Childhood, which was formally approved by the Connecticut State Legislature in 2013. The companion piece, "Taking on New Roles to Address 21st Century Problems," looks at co-creation from the perspective of a regional association of grantmakers.
The Connecticut Early Childhood Funder Collaborative comprises 14 funders from around the state who bring many years of experience in supporting and operating programs that serve the needs of children and families.
Impact Investing Bootcamp: Fundamentals for Driving Sustainable Philanthropy in New Jersey is a 3-part series introducing CNJG members to impact investing. The series will take place from March to May 2024.
The Council on Foundation defines impact investing as “any investment activity that intends to generate positive social and financial returns. Whether called impact investing, mission investing, social investing, social-impact investing, mission-related investing, program-related investing, or sustainable and responsible investing, the practice focuses on activating new financial resources to solve social and environmental problems.”
Impact investing as a tool can generate positive, measurable social and environmental impact alongside financial returns. By attending this series you will:
- Learn the fundamentals of how to create a more sustainable model of philanthropy through impact investing tools.
- Hear from experienced practitioners.
- Learn how to successfully integrate grantmaking and investment resources.
- Participate in interactive discussions with local peers.
- Hear examples of investments made in New Jersey and nationally.
- Attend a site visit to see impact investing in action.
- Receive a copy of the book “Impact Investing: The Practical Guide” by John Duong.
Session 1: In this full day workshop John Duong, founder and CEO of Kind Capital, will lead a dynamic and intensely focused full day of learning, knowledge-building, and exchange. The curriculum will include baseline information, the fundamentals of impact investment, methods and models, and opportunities for peer to peer and small group discussion and dialogue. A light breakfast and lunch is included.
COST: Free for CNJG Members
Registrants must attend all three sessions of the series.
Space Limited. No more than two people per organization can register.
Additional Session Information:
Tuesday, April 16, 2024, 9:00 am – 4:00 pm - Session 2: This session will feature a site visit to highlight a specific project and explore local case studies of NJ foundations implementing impact investment strategies. Grantmakers will have the opportunity to tour the project site, hear from nonprofit partners and participants, ask questions, and learn directly from those involved.
Thursday, May 16, Time TBD - Session 3: This virtual session will focus on setting the groundwork for New Jersey philanthropy to explore additional shared learning and co-investment opportunities. The discussion will be led by John Duong, Kind Capital.
Speaker:
Mr. Duong has been an investment banker at JP Morgan Chase, was founding Managing Director of Lumina Impact Ventures with Luminia, and was Program and Portfolio Officer with the W. K. Kellogg Foundation. John holds an executive MBA with a concentration in management and entrepreneurship from the Kellogg School of Management.
This CNJG program is sponsored by: Robert Wood Johnson Foundation and Victoria Foundation and presented by Kind Capital.
Resources
The Impact Principles website
Planet Tracker website - Reports for climate focused investors
Catalyzing Finance for Racial Equity
RPA Impact Investing Handbook
Impact Investing: A Primer for Family Foundaitons
What Can Foundations Do to Foster Community Investment?
The Role of Impact Capital in Advancing Racial Equity
Impact Capital for Racial Equity: Investing with Intention and Measuring Impact
Emerging Sources of Community Investment Capital and Strategies to Direct it at Scale
Mapping the Journey to Impact Investing
Roadmap for the Future of Impact Investing: Reshaping Financial Markets
Community Foundation Field Guide to Impact Investing
Essentials of Impact Investing
Endowments & Investing
Place-Based Impact Investing: Three Briefs for Practitioners
Impact Investing Bootcamp: Fundamentals for Driving Sustainable Philanthropy in New Jersey is a 3-part series introducing CNJG members to impact investing. The series will take place from March to May 2024.
The Council on Foundation defines impact investing as “any investment activity that intends to generate positive social and financial returns. Whether called impact investing, mission investing, social investing, social-impact investing, mission-related investing, program-related investing, or sustainable and responsible investing, the practice focuses on activating new financial resources to solve social and environmental problems.”
Impact investing as a tool can generate positive, measurable social and environmental impact alongside financial returns. By attending this series you will:
- Learn the fundamentals of how to create a more sustainable model of philanthropy through impact investing tools.
- Hear from experienced practitioners.
- Learn how to successfully integrate grantmaking and investment resources.
- Participate in interactive discussions with local peers.
- Hear examples of investments made in New Jersey and nationally.
- Attend a site visit to see impact investing in action.
- Receive a copy of the book “Impact Investing: The Practical Guide” by John Duong.
Session 3: This virtual session will focus on setting the groundwork for New Jersey philanthropy to explore additional shared learning and co-investment opportunities. The discussion will be led by John Duong, Kind Capital.
COST: Free for CNJG Members
Registrants must attend all three sessions of the series.
Space Limited. No more than two people per organization can register.
Additional Session Information:
Tuesday, March 12, 2024, 9:00 am – 4:30 pm - Session 1: In this full day workshop John Duong, founder and CEO of Kind Capital, will lead a dynamic and intensely focused full day of learning, knowledge-building, and exchange. The curriculum will include baseline information, the fundamentals of impact investment, methods and models, and opportunities for peer to peer and small group discussion and dialogue. A light breakfast and lunch is included.
Tuesday, April 16, 2024, 9:00 am – 4:00 pm - Session 2: This session will feature a site visit to highlight a specific project and explore local case studies of NJ foundations implementing impact investment strategies. Grantmakers will have the opportunity to tour the project site, hear from nonprofit partners and participants, ask questions, and learn directly from those involved.
Speaker:
Mr. Duong has been an investment banker at JP Morgan Chase, was founding Managing Director of Lumina Impact Ventures with Luminia, and was Program and Portfolio Officer with the W. K. Kellogg Foundation. John holds an executive MBA with a concentration in management and entrepreneurship from the Kellogg School of Management.
This CNJG program is sponsored by: Robert Wood Johnson Foundation and Victoria Foundation and presented by Kind Capital.
Resources
The Impact Principles website
Planet Tracker website - Reports for climate focused investors
Catalyzing Finance for Racial Equity
RPA Impact Investing Handbook
Impact Investing: A Primer for Family Foundaitons
What Can Foundations Do to Foster Community Investment?
The Role of Impact Capital in Advancing Racial Equity
Impact Capital for Racial Equity: Investing with Intention and Measuring Impact
Emerging Sources of Community Investment Capital and Strategies to Direct it at Scale
Mapping the Journey to Impact Investing
Roadmap for the Future of Impact Investing: Reshaping Financial Markets
Community Foundation Field Guide to Impact Investing
Essentials of Impact Investing
Endowments & Investing
Place-Based Impact Investing: Three Briefs for Practitioners
Impact Investing Bootcamp: Fundamentals for Driving Sustainable Philanthropy in New Jersey is a 3-part series introducing CNJG members to impact investing. The series will take place from March to May 2024.
The Council on Foundation defines impact investing as “any investment activity that intends to generate positive social and financial returns. Whether called impact investing, mission investing, social investing, social-impact investing, mission-related investing, program-related investing, or sustainable and responsible investing, the practice focuses on activating new financial resources to solve social and environmental problems.”
Impact investing as a tool can generate positive, measurable social and environmental impact alongside financial returns. By attending this series you will:
- Learn the fundamentals of how to create a more sustainable model of philanthropy through impact investing tools.
- Hear from experienced practitioners.
- Learn how to successfully integrate grantmaking and investment resources.
- Participate in interactive discussions with local peers.
- Hear examples of investments made in New Jersey and nationally.
- Attend a site visit to see impact investing in action.
- Receive a copy of the book “Impact Investing: The Practical Guide” by John Duong.
Session 2: This session will feature a site visit to Hinchliffe Stadium to highlight the project and explore local case studies of NJ foundations implementing impact investment strategies. Grantmakers will have the opportunity to tour the project site, hear from nonprofit partners and participants, ask questions, and learn directly from those involved.
COST: Free for CNJG Members
Registrants must attend all three sessions of the series.
Space Limited. No more than two people per organization can register.
Additional Session Information:
Tuesday, March 12, 2024, 9:00 am – 4:30 pm - Session 1: In this full day workshop John Duong, founder and CEO of Kind Capital, will lead a dynamic and intensely focused full day of learning, knowledge-building, and exchange. The curriculum will include baseline information, the fundamentals of impact investment, methods and models, and opportunities for peer to peer and small group discussion and dialogue. A light breakfast and lunch is included.
Thursday, May 16, Time TBD - Session 3: This virtual session will focus on setting the groundwork for New Jersey philanthropy to explore additional shared learning and co-investment opportunities. The discussion will be led by John Duong, Kind Capital.
Speaker:
Mr. Duong has been an investment banker at JP Morgan Chase, was founding Managing Director of Lumina Impact Ventures with Luminia, and was Program and Portfolio Officer with the W. K. Kellogg Foundation. John holds an executive MBA with a concentration in management and entrepreneurship from the Kellogg School of Management.
This CNJG program is sponsored by: Robert Wood Johnson Foundation and Victoria Foundation and presented by Kind Capital.
Resources
The Impact Principles website
Planet Tracker website - Reports for climate focused investors
Catalyzing Finance for Racial Equity
RPA Impact Investing Handbook
Impact Investing: A Primer for Family Foundaitons
What Can Foundations Do to Foster Community Investment?
The Role of Impact Capital in Advancing Racial Equity
Impact Capital for Racial Equity: Investing with Intention and Measuring Impact
Emerging Sources of Community Investment Capital and Strategies to Direct it at Scale
Mapping the Journey to Impact Investing
Roadmap for the Future of Impact Investing: Reshaping Financial Markets
Community Foundation Field Guide to Impact Investing
Essentials of Impact Investing
Endowments & Investing
Place-Based Impact Investing: Three Briefs for Practitioners
This advocacy and civic engagement toolkit is designed for private foundations that want to educate and encourage their grantees about getting involved in civic and policy activities to increase organizational capacity and impact. While its primary focus is on the grantmaking activity of foundations, the toolkit also addresses rules and guidance for policy involvement by foundation officials acting on behalf of their foundations.
Resources gathered from our colleagues at other philanthropy-serving organizations, state nonprofit associations, and city, state, and federal governments.
Philanthropy Serving Organizations Resources
Candid: Funding Summary for Global Philanthropic Response
Center for Disaster Philanthropy
Disaster Philanthropy Playbook
Complex Humanitarian Emergencies: Philanthropy’s Role in Recovery Webinar - Held 2/13/2020
COVID-19 Coronavirus: How Philanthropy Can Respond Webinar - Held 3/5/2020
COVID-19: Past Epidemics and Vulnerability - Lessons for Funders Webinar and Webinar Slides - Held 3/26/2020
COVID-19: Making Effective Rapid Response Grants Webinar and Webinar Slides - Held 4/14/2020
COVID-19: Managing Multiple Disasters Amid the Pandemic Webinar - Held 4/28/2020
Report: Philanthropy and COVID-19 in the First Half of 2020 - May 2021
Report: Philanthropy and COVID-19 Measuring One Year of Giving - March 2021
Report: Philanthropy and COVID-19 Examining Two Years of Giving - May 2022
Center for High Impact Philanthropy: COVID-19 Pandemic: Resources
Council on Foundations
Philanthropy’s Response to Coronavirus Outbreak Resource Page
Sharing Approaches to COVID-19 Community Response Webinar and Webinar Slides - Held 3/12/2020
Funders: Sign the Council on Foundations’ Pledge to act with urgency, loosen restrictions, reduce what you ask of non-profits, contribute, communicate, and listen.
Exponent Philanthropy:
Resources for Lean Funders
Blog: How Lean Funders Are Responding to COVID-19
Funders Together to End Homelessness:
COVID-19 Response and System Redesign: Recommendations for Philanthropy to Support Solutions to End Homelessness
Grantmakers for Effective Organizations: Smarter Grantmaking Practices During—and Beyond—COVID-19
Minnesota Council on Foundations: Coronavirus Webinar and Webinar Slides - Held 3/4/2020
National Center for Family Philanthropy
COVID-19: Response and Recovery Resources
Family Philanthropy’s Response to COVID-19 Webinar - Held 3/27/2020
National Center for Responsive Philanthropy: Local Foundation Funding for Immigrant & Refugee Groups
Philanthropy New York
COVID-19 Updates & Resources
Preparing for COVID-19: Philanthropy’s Response in Times of Crisis Webinar - Held 3/12/2020
Philanthropy Network of Greater Philadelphia: Philanthropy’s Response to the Coronavirus
United Philanthropy Forum
3/12 Letter to Congress - Include Nonprofits in Coronavirus Package
3/18 Letter to Congress - Nonprofit Community COVID-19 Stimulus Letter
State Nonprofit Association Resources
New Jersey Center for Nonprofits: Resources for Non-Profits in Response to the COVID-19 (Coronavirus) Outbreak
1st Rapid Response Survey Report
2nd Rapid Response Survey Report
Washington Nonprofits: Open Letter to Funders
Government Resources
Center for Disease Control and Prevention: Coronavirus Disease 2019 (COVID-19)
City of Newark: News & Updates
Federal Emergency Management Agency: A Guide to the Disaster Declaration Process and Federal Disaster Assistance
NJ Department of Health: Up-to-date Information about the Coronavirus (COVID-19) in New Jersey
State of New Jersey: COVID-19 Information Hub
U.S. House of Representatives: House passes HR 6201: Families First Coronavirus Response Act
World Health Organization: Coronavirus disease (COVID-19) outbreak
Additional Resources
Condon O’Meara McGinty & Donnelly, LLP: Guidance for Private Foundations
The Newark Philanthropic Liaison is a unique partnership between the Council of New Jersey Grantmakers and the City of Newark, supported by several foundations. Read more about the Liaison’s work In these reports. Due to several transitions, there were no written reports between 2015 and 2022.