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Strategic asset allocation is arguably one of the most important, yet least advanced, aspects of investing. The Investment Strategy Group (ISG) in the Goldman Sachs Investment Management Division has developed a new approach to strategic asset allocation, which leverages the idea that long-term investment returns derive from multiple distinct sources called “return-generating factors.” This multi-factor approach is designed to help investors better understand the key sources of long-term return across asset classes and to increase the precision of long-term risk and return estimates. It also provides investors with a new way to think about portfolio diversification, allowing them to focus not only on diversification across asset classes but also
on diversification across the underlying sources of return.
Welcome to the new year! It was wonderful seeing so many members at the 2023 Annual Meeting & Holiday Luncheon on December 14. Both our luncheon plenary and workshop helped us explore how and why funders can collaborate and increase their impact. You can find resources from the event, including workshop slides, on the resource tab of the Annual Meeting page. You must be logged in to access resources. (Forgot your password – click here.)
As part of the meeting, we elected two new board members for their first 3-year term, as well as re-electing board members for a second term. Welcome and congratulations to new board members Jasmyne Beckford, Prudential Foundation, and Paul DiLorenzo, Salem Health and Wellness Foundation. And we said good-bye to René Deida, Prudential Foundation, and Atiya Weiss, Burke Foundation. We’re grateful for your service. Jeff Vega, Princeton Area Community Foundation, also rotated off the board. Jeff served as board chair during the pandemic, strategic planning, and leadership transitions. Thank you, Jeff, for your wisdom and guidance. We appreciate you!
Following the annual meeting of members, the board elected their officers for 2024: Craig Drinkard, Chair (Victoria Foundation), Christine Healey, 1st Vice Chair, (The Healey Education Foundation), Justin Kiczek, 2nd Vice Chair, (The F. M. Kirby Foundation), Maisha Simmons, Secretary, (Robert Wood Johnson Foundation), and Catherine Wilson, Treasurer, (United Way Greater Newark). Congratulations!
Thank you to everyone that expressed interest in serving on a committee by completing the form at the Annual Meeting. January’s organizational tasks include working with the new CNJG board chair to review committee membership and invite participation. Stay tuned. Click here to read a full wrap-up of the 2023 Annual Meeting & Holiday Gathering.
Looking towards our programming year, beginning in February, we’re pleased to introduce First Fridays for Philanthropy – a virtual meet up for members to connect and share, network, ask questions, and learn from one another. Please reach out to Director of Member Services, Craig Weinrich, for more information.
We’re also excited to offer the 3-part series Impact Investing Bootcamp: Fundamentals for Driving Sustainable Philanthropy in New Jersey. The series will take place from March to May 2024. Impact investing can generate positive, measurable social and environmental impact alongside financial returns. There is no cost for CNJG members, however space is limited with no more than 2 attendees per organization, and registrants are strongly encouraged to attend all three sessions. To learn more, please reach out to Manager of Programs and Learning, Chanika Svetvilas. Thank you to the Robert Wood Johnson Foundation and Victoria Foundation for supporting this series.
Foundations on the Hill is just around the corner, and will take place in Washington, D.C. from February 25 - 28. FOTH is an annual opportunity for foundation leaders to meet with their representatives, talk about issues of interest to philanthropy, and strengthen relationships. Space is limited. If are interested in attending or would like to learn more, please contact me.
I want to end with gratitude to and for the CNJG Board of Trustees, our committee chairs and members, affinity group chairs, our partners, and you – our members. You are truly our champions. And thank you to our Annual Meeting sponsors for their generous support, Prudential, Victoria Foundation, Robert Wood Johnson Foundation, Devils Youth Foundation, Grunin Foundation, Horizon Blue Cross Blue Shield of New Jersey, Princeton Area Community Foundation, and WSFS Bank.
Happy New Year!
Theresa Jacks, President and CEO
Council of New Jersey Grantmakers
As we know, COVID-19 had a significant impact on student academic achievement. School districts across the state and country are working to accelerate student learning with a particular focus on literacy. Join us for our next Newark Education Funder meeting as we explore how funders can support a community approach to literacy, including the recently released Ten Point Literacy Plan. We will hone in on statewide and local data with the support of a recent study published by JerseyCAN, and then discuss how we can collaborate with grantees on systems that complement the traditional K-12 school day, particularly early literacy and support for reading at home, after-school and community programs, and collaborations with institutions like the Newark Public Library.
Panelists:
Paula White, Executive Director, JerseyCAN
Christian Zabriskie, Director, Newark Public Library
Nayibe Capellan, CEO, Programs for Parents
Catherine Wilson, President and CEO, United Way of Greater Newark
Cost: Free for CNJG Members; $50 for Non Member Grantmakers.
More than a decade ago, the Council of New Jersey Grantmakers and Philanthropy New York spearheaded a project to develop common application and report forms to help streamline the grant application process and ease the often time-consuming grant preparation process.
This application is a four-page form, which includes directions for use, a sample cover sheet, and the common grant proposal guidelines.
The separate Common Report Form follows closely the format of the New York/New Jersey Area Common Application Form.
Information for Grantmakers:
One of the core values at the Trust-Based Philanthropy Project (with whom CNJG partnered on a trust-based grantmaking learning series in the summer of 2021 – read about Part 1, Part 2, and Part 3) encourages funders to streamline their requirements for paperwork from nonprofits. Accepting the NY/NJ Area Common Grant Report Form is one way. Another is to accept reports from nonprofits that they submitted to a different funder.
Recent articles from Vu Le at NonprofitAF.com (We need to have a serious talk about character limits on grant applications and Trust-based grantmaking: What it is and why it’s critical to our sector), Joan Garry in the Chronicle of Philanthropy (A Plea from Community Nonprofits for Investment Equity and less Bureaucracy), and the research project by the Technology Association of Grantmakers (Grant Applications Share 39% Similarity According to New Research by TAG) in the summer of 2021 have re-focused attention on the concept of a common grant application.
CNJG encourages our members to review the application and report form, and consider accepting these forms (or using these questions on your online application / report form) from your current or potential grantees.
CNJG surveyed our members in August 2021 asking if they accepted the NY/NJ Area Common Grant Application and report form. CNJG members can download that report (link forthcoming).
Information for Grantseekers:
Before sending this (or any) application to any funder, be sure to check their specific funding guidelines and application requirements. Some funders require preliminary, additional, or supplementary information. Some funders only accept their own application form. CNJG members are under no obligation to accept either the common grant application or common grant report form.
Additional notes when using the NY/NJ Area Common Grant Application Form:
- Please check with each individual funder if they accept only their own form, the NY/NJ Area Common Grant Application form, or some other form.
- Funding area guidelines still apply. Research each organization’s funding areas to be sure your proposal fits within their guidelines before submitting your application.
- Any funder that has agreed to accept the NY/NJ Area Common Grant Application may request additional information at any stage in their application process.
- Every funder has different deadlines and timetables. Refer to each organization's funding and/or reporting guidelines.
- Do not submit the NY/NJ Area Common Grant Application or report form to the Council of New Jersey Grantmakers. Submit your application directly to the organization from which you are requesting support.
- Questions should be directed to the organization from which you are requesting support.
CNJG is pleased to partner with the Office of Internet Connectivity and Growth (OCIG) within the National Telecommunications and Information Administration at the U.S. Department of Commerce on this series to help the funding community know about the federal government’s investment into broadband access, and how communities, residents and organizations can take advantage of these funding opportunities.
The National Telecommunications and Information Administration (NTIA) and the New Jersey Office of Broadband Connectivity are hosting a series of public virtual roundtable meetings, which will take place once per month from February through July 2023. Join us to learn more about Internet for all, Broadband Equity, Access and Deployment (BEAD) and the Digital Equity Grant funding planning in New Jersey.
These meetings are intended to create open communication and collaboration on BEAD and DE projects. This first meeting is an introduction to these programs, explains the coordination between NTIA and the NJ Office of Broadband Connectivity, and outlines upcoming important upcoming dates.
This year marks the 5th anniversary of the Council of New Jersey Grantmakers’ biennial Spring Colloquium – A Conversation for the Social Sector - being held on May 24 at the George Street Playhouse in New Brunswick. A CNJG signature event since 2006, the Colloquium brings together foundations and non-profits with national thought leaders to explore topics of critical interest to foundations and non-profits whose work impacts our state’s quality of life.
“The Colloquium is a natural outgrowth of our role as a central force in amplifying the voice of philanthropy in New Jersey,” said Nina Stack, President of the Council. “This special event gives foundation and non-profit leaders the benefit of hearing from our country’s leading social sector experts and the opportunity to apply what they learn to the important work they do to improve the lives of those they serve in New Jersey.”
The 2016 Spring Colloquium conversation will focus on how privatization and de-funding of many services once provided by the public sector has led to the expectation that grantmakers and their non-profit partners will increasingly assume responsibility for these services, despite dramatically diminished resources. The social sector is responding to this challenge with innovative funding initiatives. Detroit’s foundations, for example, devised the “Grand Bargain” to help solve that city’s pension crisis. Likewise, the use of social impact bonds is rising as a means of underwriting safety net programs. “This change in the ‘public contract’ necessitates thoughtful planning on the part of foundation and nonprofit leaders who must be prepared to meet this significant paradigm shift,” said Emily Tow Jackson, Executive Director and President of the Tow Foundation, and a 2016 Colloquium panelist.
Other panelists at this year’s Colloquium include moderator Robert S. Collier, the President and CEO of the Council of Michigan Foundations; Elizabeth T. Boris, Founding Director of the Center on Nonprofits and Philanthropy at the Urban Institute; and Michael McAfee, Vice President for Programs at PolicyLink.
Over the years, the Colloquium has considered a diverse range of topics including philanthropy’s role in restoring civility to society; strategies to ensure community and nonprofit sustainability; philanthrocapitalism; and driving change by being fearless. The event has featured such prominent speakers as former New Jersey Governor Tom Kean; Idealist founder Ami Dar; U.S. editor of The Economist Matthew Bishop; and Philadelphia Federal Reserve Board Chairman, Jeremy Nowak, among many others.
In addition to serving New Jersey’s social sector, the Spring Colloquium will be viewed by CNJG regional philanthropy association members across the country via simulcast-hosted gatherings.
“PSE&G strongly believes in the power of the social sector’s collective impact and the leadership that CNJG has exhibited over the years by providing New Jersey’s foundations and non-profits with access to our counterparts from across the country,” said Ellen Lambert, Chief Diversity Officer, Senior Director Corporate Citizenship and President, PSEG Foundation, a sponsor of the 2016 CNJG Spring Colloquium. For more details about the Colloquium please visit www.cnjg.org/investmentforum.
The Council of New Jersey Grantmakers works to strengthen and promote effective philanthropy throughout New Jersey. The leading resource for networking and information for New Jersey's philanthropic community, CNJG provides representatives of all types of grantmaking organizations access to valuable services and meaningful activities to advance their work.
Philanthropic organizations of all shapes and sizes are well positioned to support Communities for a Lifetime (CfaL). This issue brief explores four roles for philanthropy in advancing CfaL work.
This case study of the Council of Michigan Foundations' Peer Action Learning Network (PALN) is one of six examined in a report from New York University's Wagner Research Center for Leadership in Action, commissioned by Grantmakers for Effective Organizations. The PALN case study, along with the other five, explores the power of learning communities to build connections and knowledge to increase organizations’ community impact. It explains ways grantmakers can strategically support these efforts as well as key elements for designing learning communities, executing for success and extending the learning.