At The Lemelson Foundation, we seek to foster inventions that will have social impact and improve lives. But our support for early-stage innovation could not succeed without a trusted network of grantees and partners.
Big bets can make a big difference, but only if they catalyze interest and follow-up investment in the problems they seek to address.
Bringing non-family members, people with diverse perspectives, and professional advisors into decision-making can help family foundations take greater risks and bolder action toward their missions.
Fund for Shared Insight is pooling the cash and convictions of 13 philanthropies to build the field of end-user feedback. The collaborative aims to help nonprofits and funders learn from and empower those they seek to help. Can its leaders become role models for the positive change they seek to create?
There is opportunity for private family foundations of all sizes, including small and mid-size foundations, to bring impact investing—particularly through program-related investments—more fully into their portfolios.