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Full-Text Articles in Business

The Economic Impact Of The Frederik Meijer Gardens & Sculpture Park, Christian Glupker, Paul Isely Sep 2023

The Economic Impact Of The Frederik Meijer Gardens & Sculpture Park, Christian Glupker, Paul Isely

Other Faculty Publications

SUMMARY OF ECONOMIC IMPACT

  • The total annual economic impact of FMG is $138 million in economic activity, supporting 1,167 jobs, and contributing $77.6 million to Kent County’s GDP.
  • The visitor direct spending, operational spending, and capital investment spending generate $353,115 in annual tax revenue for Kent County.
  • There were 755,000 visitors to Frederik Meijer Gardens and Sculpture Park (FMG) with 62% of these visitors coming from outside Kent County (nonlocal visitors).
  • 50% of the nonlocal visitors were visiting FMG for the first time and 48% of the local visitors visit FMG six or more times a year.
  • 40% of all …


The Practice Of The Equitable Evaluation Framework™: Context And Introduction To The Special Issue, Marcia A. Coné, Jara Dean-Coffey Sep 2023

The Practice Of The Equitable Evaluation Framework™: Context And Introduction To The Special Issue, Marcia A. Coné, Jara Dean-Coffey

The Foundation Review

Welcome to the special issue of The Foundation Review.

For many, this is an introduction to the Equitable Evaluation Framework™, and how some folks in U.S. philanthropy are reimagining evaluation, learning, and research through its practice. For others, you’ve been in practice of the EEF alongside us and other individuals and organizations and are, thus, represented in the offerings shared from your colleagues.

Over the past three years, in partnership with many, we’ve engaged in exploring, puzzling together, and sharing what it means to “be in practice of the EEF.” While impossible to convey the depth, breadth, and richness of …


In Conversation: Two Community Foundations In Dialogue About Their Equitable Evaluation Framework™ Practice, Madeline Brandt, Kelly Casey, Jean-Marie Callan, Joel Hicks-Rivera, Kim Leonard, Madeline Nguyen, Elena Tamanas Ragusa, Cierra Stancil, Kimberlee Salmond, Becky Seel, Kate Szczerbacki Sep 2023

In Conversation: Two Community Foundations In Dialogue About Their Equitable Evaluation Framework™ Practice, Madeline Brandt, Kelly Casey, Jean-Marie Callan, Joel Hicks-Rivera, Kim Leonard, Madeline Nguyen, Elena Tamanas Ragusa, Cierra Stancil, Kimberlee Salmond, Becky Seel, Kate Szczerbacki

The Foundation Review

This conversation between staff at the Oregon Community Foundation and the Hartford Foundation for Public Giving shares how we are infusing the Equitable Evaluation Framework™ into our practice as we aim to be less extractive, shift power, and honor all ways of knowing and being as valid. In sharing this conversation, we want to pull the curtain back and offer a behind-the-scenes view into the conversations, realities, and challenges involved in doing this kind of work.

We sat down together for 90 minutes on a Wednesday afternoon, and the following is a rough transcript of our time together. The intention …


Back Matter Sep 2023

Back Matter

The Foundation Review

No abstract provided.


Editorial, Teresa R. Behrens Sep 2023

Editorial, Teresa R. Behrens

The Foundation Review

No abstract provided.


Learning Circles As A Tool For Participant- Owned Evaluation, Virginia Roncaglione, Chan Brown, Jennifer James, Courtney Huff Sep 2023

Learning Circles As A Tool For Participant- Owned Evaluation, Virginia Roncaglione, Chan Brown, Jennifer James, Courtney Huff

The Foundation Review

Learning circles are an approach where individuals with a common interest meet regularly to learn from each other about a self-identified topic in a format chosen by the group. Honoring a group’s collective wisdom, centering participants’ learning needs, and prioritizing relationships and trust are all features of learning circles. This practice is of increasing interest to funders and evaluators as a tool for practicing learning and evaluation aligned with the Equitable Evaluation Framework™.

Kansas Health Foundation and its strategic learning partners, Innovation Network and Harder+Company Community Research, are exploring learning circles in two of the foundation’s initiatives: Integrated Voter Engagement …


Front Matter Sep 2023

Front Matter

The Foundation Review

No abstract provided.


Executive Summaries Sep 2023

Executive Summaries

The Foundation Review

No abstract provided.


Tfr 15.3 Full Issue Sep 2023

Tfr 15.3 Full Issue

The Foundation Review

No abstract provided.


Learning, Unlearning, And Sprinkling In: Our Journey With Equitable Evaluation, Jane Mosley, Leigh W. Quarles, Jason L. Williams Sep 2023

Learning, Unlearning, And Sprinkling In: Our Journey With Equitable Evaluation, Jane Mosley, Leigh W. Quarles, Jason L. Williams

The Foundation Review

The Health Forward Foundation recently completed a two-year journey with the Equitable Evaluation Initiative as a practicing partner. This partnership provided us with the support to push for change that better aligned with our new focus, prioritizing racial equity and economic advancement.

The partnership also allowed us to explore a number of questions fundamental to our work in learning and evaluation: what we really know about the impact philanthropy is making in our communities; how we can explain that to board members, and how we honor the personal experiences of the people we serve.

In this article we discuss our …


A Journey Into Equitable Practice: Doing More, Doing Differently, And Doing Better, Bree Bode, Sarah Panken, Annie Murphy, Marci Scott Sep 2023

A Journey Into Equitable Practice: Doing More, Doing Differently, And Doing Better, Bree Bode, Sarah Panken, Annie Murphy, Marci Scott

The Foundation Review

The mission of the Michigan Fitness Foundation is to encourage and facilitate active lifestyles and healthy food choices through education, environmental awareness, community participation, and policy leadership. The article shares how a three-year engagement with the Equitable Evaluation Initiative led the foundation to see its grantmaking, programming, and evaluation practices anew through an equity lens.

Through naming and noticing the ways in which traditional grantmaking has contributed to the inequities that philanthropy seeks to address, the foundation was able to change its own way of working — specifically by going beyond the standard written grant proposal to actually sit with …


The Economic Assessment Of The White River (Michigan), Christian Glupker, Paul Isely Aug 2023

The Economic Assessment Of The White River (Michigan), Christian Glupker, Paul Isely

Other Faculty Publications

SUMMARY OF ECONOMIC IMPACT

  • There were 69,543 visitors to the White River in the past year, with 35,329 visitors coming from outside the local region.
  • The local primary river users visited the river 49.3 times per year and nonlocal primary river users visited the river 14.7 times per year.
  • The nonlocal primary river users averaged $15.84 in spending per person, per day, resulting in $9.0 million in total direct spending.
  • The nonlocal primary river users generated $8.3 million in economic output, adding $4.2 million to the local GDP, and support for 80 jobs.
  • There was $75,539 in additional tax revenue …


Systems-Change Philanthropy: It’S Essential, And It’S Our Responsibility, Emily Bhandari, Alison Mohr Boleware, Octavio N. Martinez Jr. Jun 2023

Systems-Change Philanthropy: It’S Essential, And It’S Our Responsibility, Emily Bhandari, Alison Mohr Boleware, Octavio N. Martinez Jr.

The Foundation Review

The Hogg Foundation for Mental Health’s mission is to transform how communities promote mental health in everyday life. Policy engagement — fundamental to improving the social and structural determinants of mental health — has always been a strategic priority for the foundation, which has become a trusted resource for mental health and substance use policy issues in Texas. Yet, the state’s mental health and substance use policy community is limited in size, capacity, and training.

To address that reality, the Hogg Foundation for Mental Health Policy Academy and Policy Fellow Initiative was launched to invest in a mental health policy …


Executive Summaries Jun 2023

Executive Summaries

The Foundation Review

No abstract provided.


Back Matter Jun 2023

Back Matter

The Foundation Review

No abstract provided.


Book Review: Changing Systems, Changing Lives: Reflecting On 20 Years, Kennedy Musyoka, Emily Irungu, Margaret F. Sloan Jun 2023

Book Review: Changing Systems, Changing Lives: Reflecting On 20 Years, Kennedy Musyoka, Emily Irungu, Margaret F. Sloan

The Foundation Review

No abstract provided.


Front Matter Jun 2023

Front Matter

The Foundation Review

No abstract provided.


Community Building As A Philosophy, Not An Initiative, Anne C. Kubisch, Kasi Allen, Max Gimbel Jun 2023

Community Building As A Philosophy, Not An Initiative, Anne C. Kubisch, Kasi Allen, Max Gimbel

The Foundation Review

What happens when a foundation invests in community building for the long haul? The Ford Family Foundation, a rural embedded funder in southern Oregon, has made that transition over the past decade. The result is a transformed organization with a 10-year strategic plan focused on helping rural communities build the futures that they want to see — places where children and families can thrive.

The foundation is pursuing community building not as a stand-alone strategy or “initiative,” but as a philosophy that guides local community development efforts based on capacity building and grantmaking based on partnerships. The shift to a …


Editorial, Teresa R. Behrens Jun 2023

Editorial, Teresa R. Behrens

The Foundation Review

No abstract provided.


Innovation In The Economy: An Examination Of The Role Of Innovation On Economic Growth, Samuel Macchiarolo Apr 2023

Innovation In The Economy: An Examination Of The Role Of Innovation On Economic Growth, Samuel Macchiarolo

Honors Projects

This paper will be examining factors that may have contributed to past economic recessions, particularly in the US, by looking at levels of both financial innovation and physical innovation, as well as research and development. The paper will take a deeper look into how previous economic recessions happened, how the changes in the level of innovation played a part in those recessions, why innovation levels change so much, and what can be done to eliminate the variation of innovation to help stabilize economic output.


Front Matter Mar 2023

Front Matter

The Foundation Review

No abstract provided.


Executive Summaries Mar 2023

Executive Summaries

The Foundation Review

No abstract provided.


Editorial, Teri Behrens Mar 2023

Editorial, Teri Behrens

The Foundation Review

No abstract provided.


Back Matter Mar 2023

Back Matter

The Foundation Review

No abstract provided.


The Economic Impact Of Bell’S Iceman Cometh Challenge 2022 Mountain Bike Race, Christian Glupker, Paul Isely Jan 2023

The Economic Impact Of Bell’S Iceman Cometh Challenge 2022 Mountain Bike Race, Christian Glupker, Paul Isely

Other Faculty Publications

The 2022 Iceman Cometh Challenge mountain bike race is estimated to have generated or supported economic benefits for Grand Traverse County in the following ways:

  • 16,569 total visitors, with 88% visiting from outside of Grand Traverse County. Over 36 states and four countries were represented.
  • There were 38,047 total visitor days, with 95% coming from nonlocal visitors. These nonlocal visitors spent on average 2.5 days in the Traverse City area.
  • Direct spending of all visitors was $4.7 million, with nonlocal visitors spending $4.5 million.
  • The total economic impact of nonlocal visitors is estimated at $5.6 million in economic output supporting …


A Promising Place-Based Collaborative Impact Investing Fund Strengthens Community And Informs Philanthropic Practice, Benjamin Kerman, Clara Miller Dec 2022

A Promising Place-Based Collaborative Impact Investing Fund Strengthens Community And Informs Philanthropic Practice, Benjamin Kerman, Clara Miller

The Foundation Review

A recent evaluation of the Western New York Impact Investment Fund adds to the proof-of-concept literature regarding “doing good and doing well” while pointing to experience-based best practices in philanthropic impact investing. Born of a collaboration between regional and national philanthropies, the fund brings together corporate, individual, and philanthropic investors to deliver an inclusive impact investment mechanism. Founded in 2017, the fund evolved from concept to operating entity, focusing on mitigating capital gaps, longterm economic decline, and wealth divides.

Evaluation at Year 5 describes how the professionally managed, collaboratively governed fund has attracted and deployed capital, contributing to ecosystem improvements …


Front Matter Dec 2022

Front Matter

The Foundation Review

No abstract provided.


The Field-Building And Grantee Experimentation Role Of Foundations In Impact Investing As Illustrated By A Gender-Lens Investing Case Example, Courtney Bolinson, Laura Allan Dec 2022

The Field-Building And Grantee Experimentation Role Of Foundations In Impact Investing As Illustrated By A Gender-Lens Investing Case Example, Courtney Bolinson, Laura Allan

The Foundation Review

This article argues for foundations to play two critical roles in the impact investing ecosystem: to commission and/or support research that helps build more equitable and socially just impact investing and to fund grantee-specific experimentation in areas of impact investing and social enterprise that are nascent or developing.

To illustrate what this can look like, this article presents action research conducted on gender-lens investing, describing in detail a 2019 Mastercard Foundation grant to Engineers Without Borders Canada. The project involved two main goals: testing and developing gender-lens investing tools and processes with seed-stage investees during pre- or post-investment phases and …


The Ford Foundation’S Work To Build The Field Of Impact Investing, Margot Brandenburg, Abeda Iqbal Dec 2022

The Ford Foundation’S Work To Build The Field Of Impact Investing, Margot Brandenburg, Abeda Iqbal

The Foundation Review

Impact investing has grown dramatically over the past 15 years, with foundations playing a critical role through their program-related and, increasingly, mission-related investments. A smaller number, including the Ford Foundation, have dedicated grant and other programmatic resources toward growing the field. Without this funding, the metrics, engagement, policies, and norms needed to underpin capital markets at scale will be slow to materialize.

This article looks back at the long history of aligning financial investments with social values; touches on the Ford Foundation’s pioneering role in the emergence of PRIs as a tool to stretch grantmaking budgets; and details the impact …


Donor-Advised Funds And Impact Investing: A Practitioner’S View, Sam Marks Dec 2022

Donor-Advised Funds And Impact Investing: A Practitioner’S View, Sam Marks

The Foundation Review

Any discussion of foundations embracing impact investing must include some discussion of one of the largest — and growing — sources of philanthropic capital: donor-advised funds. These philanthropic accounts allow donors of all sizes to access many of the functions of a private foundation, including the potential to invest for impact. Sponsors of these funds, however, face unique challenges in catalyzing impact investments.

Like the larger institutional foundations that have led the way as mission investors, sponsors must often educate and inspire governance boards and investment committees. Unlike foundations with professional program staff, decisions regarding philanthropic resources at sponsors of …