Business Commons^™

Leveraging Foundation Balance Sheets For Greater Impact: Piloting A Pooled Guarantee Program, Jane Reisman, Jim Baek, David Newsome, Christine Ryan

The Foundation Review

A guarantee instrument is a credit enhancement tool that can enable philanthropies to unlock millions or billions of dollars for societal impact. The Community Investment Guarantee Pool, created in 2019 by a collaboration of philanthropies and allied impact investors, or guarantors, is a novel initiative that uses guarantees to leverage the balance sheets of foundations and other institutional investors for enhancing the credit of intermediaries in the affordable housing, small-business, and climate markets. As the guarantees are unfunded, foundations continue to keep their endowment invested in the conventional market.

This article describes the Community Investment Guarantee Pool, details its theory …

Diving Deep On Equity And Power: Exploring Shifts In Philanthropic Practice With The Iceberg Model, Sonia Taddy-Sandino, Kim Ammann Howard, Lori Nascimento

The Foundation Review

Lessons from the events of this historic time — from a national reckoning with systemic racism to a global pandemic and its economic and social fallout — have deep implications for philanthropy that go beyond grantmaking and include fundamental questions about the sector’s role, power, and influence in advancing equity and social change. Confronting those questions requires a look inward at the practices, policies, structures, mindsets, and cultural norms that govern how foundations operate.

The experience of The California Endowment and The James Irvine Foundation shows what can be learned from this period of crisis and disruption. Through specific examples …

Dynastic And Generative Intent For First-Generation Black Wealth Creators In A Modern Racial Enclave Economy, Latanya White

Antioch University Full-Text Dissertations & Theses

This study explores the underlying causes of the racial wealth gap between Black and White Americans: the absence of intergenerational wealth transfers in Black business families. As American wealth becomes concentrated into fewer and fewer hands, the data reveal that one third of the 400 wealthiest Americans inherited their wealth from the entrepreneurial endeavors of earlier generations in their family, some creating entrepreneurial dynasties. An important aspect of succession planning is the construct of generativity. Generativity is practiced through leading, nurturing, promoting, and teaching the next generation to create things to “move down the generational chain and connect to a …