July 2024: News and Notes from NCFP’s Members and Partners

The Libra Foundation Names Supriya Lopez Pillai as New President

Lopez Pillai, who has spent the last six years leading the Hidden Leaf Foundation, is succeeding Crystal Hayling as the new leader of the San Francisco-based Libra Foundation.

Barbara Bainum Retires

After 16 years chairing the board of the Bainum Family Foundation, Barbara has announced her retirement.

Surdna Foundation’s Don Chen Featured in ImpactAlpha

Don Chen tells ImpactAlpha about the opportunities that funds led by women and people of color present and the ways the Surdna Foundation is re-imagining “high-risk” investments, investing in an inclusive economy, and seeing impactful results.

A. James & Alice B. Clark Foundation Profiled About Spend-Down Process

Prior to deciding to spend down its assets, the Clark Foundation gave somewhat opportunistically and at 5% annually. Now, the foundation is at the tail end of its spend-down process and has given over $1 billion in that time. Inside Philanthropy explores their change in strategy and how they have effectively navigated the process.

Annenberg Foundation Explores the Power of AI

The Annenberg Foundation enlisted the expertise of the Technology Association of Grantmakers understand the opportunities and risks of AI for the foundation and philanthropy. Inside Philanthropy reporter Paul Karon notes one of the major takeaways of Annenberg’s asssessment, “senior management must ensure that technology is integrated deliberately, with a broader strategy and policy — and not in a haphazard or piecemeal fashion that could create problems or conflict with funders’ broader strategy and mission.”