A Long Philanthropic Tradition
Rockefeller Philanthropy Advisors (RPA) is a nonprofit organization that currently advises on and manages more than $280 million in annual giving. Headquartered in New York City, it traces its antecedents to John D. Rockefeller Sr., who in 1891 began to professionally manage his philanthropy “as if it were a business.” With thoughtful and effective philanthropy as its one and only mission, Rockefeller Philanthropy Advisors has grown into one of the world’s largest philanthropic service organizations since its inception in 2002, having overseen more than $3 billion in grantmaking across the globe from four regional offices in the United States.
Rockefeller Philanthropy Advisors provides research and counsel on charitable giving, develops philanthropic programs and offers complete program, administrative and management services for foundations and trusts. RPA also operates a Charitable Giving Fund, through which clients can make gifts outside the United States, participate in funding consortia and operate nonprofit initiatives.
Rockefeller Philanthropy Advisors has a full-time staff of 40 in New York, Chicago, Los Angeles and San Francisco offices in addition to a group of carefully selected expert affiliates. RPA’s senior staff members offer an average of 20 years each in grantmaking experience with major foundations, both domestic and international, including the Ford Foundation, the Levi-Strauss Foundation, the New York Community Trust, and the John A. Hartford Foundation. Senior staff are frequent speakers and are quoted often in national publications and media. Rockefeller Philanthropy Advisors currently serves more than 160 donors giving to more than 70 countries in Africa, Asia, the Caribbean, Europe, Latin America and North America.
Philanthropists Set Spending Deadlines
The Wall Street Journal
May 21, 2009
By Shelly Banjo
A growing number of philanthropists are adopting spending deadlines and sunset provisions to ensure urgent global needs are addressed in a timely way.
By granting the entirety of funds within a certain period of time, these charitable efforts are looking to have a bigger immediate impact than traditional foundations, which are typically set up to last forever and pay out roughly 5% of assets a year.
Read the full article