Archive for June, 2010

The Juvenile Justice Initiative at Philanthropy New York: Closing Remarks from Judge Judith S. Kaye

The Juvenile Justice Initiative at Philanthropy New York is philanthropy’s response to the growing momentum for systems reform in New York State and New York City. Its long-term goal is to ensure an organized and timely response by philanthropy to reduce the flow of children and youth into the juvenile justice system, and to reorient the system from a correctional to a youth-development and therapeutic model.

On June 14, 2010, Philanthropy New York held the first of a series of sessions designed to provide a forum for New York City foundations and donors to share information and develop an informed understanding of where their own funding priorities intersect with the continuum of reform efforts. The session’s closing remarks were delivered by The Honorable Judith S. Kaye, who served as Chief Judge of the New York Court of Appeals for 15 years until her retirement in 2008. We are pleased to share them here on Smart Assets.
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BoardServeNYC: Responding to the Challenge of Strengthening Grantee Boards

By Gordon J. Campbell
President & CEO, United Way of New York City

According to data reported by the Foundation Center, the nation’s more than 75,000 grantmaking foundations distributed nearly $43 billion in grants last year. In 2007, foundations in the New York metro area distributed nearly $8.4 billion in grants worldwide. Government, of course, is an even larger source of funds for nonprofits in our area. The City of New York, according to The New York Times, annually awards nonprofits $4 billion in competitive contracts.

Given the magnitude of these investments, I think it’s fair to say that funders, whether they’re foundations, government agencies, corporations, or individual donors, have a vested interest in the governance of the nonprofits they support.
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