The next phase for Endswell/Renewal is as a catalyst, continuing to bring in other funders with more resources, as well as brokering deals. Endswell is now contemplating phase out strategies, including the possibility of giving "modest exit chunks" to some grantees, and terminating in about eight years. But the example of Warren Buffett looms large, and Solomon hopes that other donors may become interested in putting their resources into the Endswell Fund of Tides Canada, thus continuing its existence. Renewal Partners is in the process of being reborn as Renewal Capital, also with the intent of bringing in other investors. The assets are being steered to program-related investments (PRIs), thus "churning" the funds further. Newell has started a $1 million social justice fund in Tides, and other ideas, such as a revolving loan fund in Tides, are under consideration. Newell and Solomon are also offering their services as seminar leaders and consultants to help other donors figure out how best to "get their money out the door," or, as Newell phrases it, "Get off your assets."

By using multiple strategies and deploying all its assets in a very focused area, Endswell/Renewal has, in its relatively short life, made an enormous contribution to British Columbia. It has created "a strong and vibrant social purpose sector here, by being the glue," Solomon says. He cites a recent collaborative project that would not have happened in the old days: $60 million in private funds was raised, with Endswell as a key player, matched by $60 million from the Canadian government, for the 20 million acre Great Bear Rain Forest. This vast project represents a new method for land conservation, protecting land from exploitation while also financing the indigenous people who live there to invest in "sustainability businesses," which reflects Endswell's mission of jobs and the environment. "We haven't stopped the march of environmental degradation, but we've helped," Solomon says. And in February 2007, Newell received an Order of Canada, Canada's version of a knighthood, recognizing the $60 million that she has contributed or invested in Canada.

[ << RAMPING UP | 1 | 2 | A DIFFERENT STRATEGY >>]

  Resources

• Executive Summary
• Full Report
• Order Print Copies

  Report Contents

• Introduction
• Focus: The Whitaker Foundation and the Helen F. Whitaker Fund
• The Learning Curve: The Beldon Fund
• Retooling for Spend Down: The Atlantic Philanthropies
• Giving While Living: The Richard and Rhoda Goldman Fund and the Lewis B. and Dorothy Cullman Foundation
• Quick Spend Down: The Haigh-Scatena Foundation
• Raising the Payout: Evelyn and Walter Haas, Jr. Fund
• Giving 5.5%: The Lynde and Harry Bradley Foundation
• More than Investment Returns: The Needmor Fund
• Ramping Up: The HKH Foundation
• Using All the Models: Endswell Foundation / Renewal Partners
• A Different Strategy: Omidyar Network
• Conclusion
• Selected Bibliography
• Resources
• List of Profiled Foundations
• Acknowledgements

  Upcoming Events

• November 29
  10am - Noon
  NCG Family Philanthropy Exchange and the Stanford Center on Philanthropy and Civil Society are hosting a discussion of Beyond Five Percent: The New Foundation Pay out Menu. This funders only event is free for members.
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  Supporters of
  “Beyond 5%”

• Beldon Fund
• French American Charitable Trust (FACT)
• Quixote Foundation

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