By John Weiler
Senior Program Officer, F.B. Heron Foundation
Like many of its colleague funders, the F.B. Heron Foundation experienced a sharp decline in its charitable assets in 2008 and early 2009. At the same time, Heron recognized that many of our “customers” (i.e., grantees and investees) had opportunities to support low-income families through the economic downturn and to inform government policies as they were developed. In response to this crisis/opportunity, in December 2008 Heron’s Board approved an “Opportunity Fund” in addition to our ordinary grant budget to support grantees as they worked to create and preserve wealth for low-income families. Through the end of 2009, this fund has disbursed approximately $1 million in addition to Heron’s ordinary grant budget.
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