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The New Face of Social Capital

By: Eric MatsonTue Dec 18, 2007 at 5:40 PM
Young 'venture philanthropists' combine targeted donations with tough-minded oversight to build a new model of community activism.

ATR has attracted a crowd similar to Chicago's group: about 200 members give over $1,000 each to become voting members who visit sites, sit on granting committees, and help to decide where the money goes. In 1995, the group awarded over $500,000 to 126 organizations.

"Donors with new money from high-tech companies are less concerned about getting their names on a building than about seeing that the service is delivered in a cost-effective way," Podlodowski says. "That's what ATR allows you to do -- go on site visits and make decisions about where the money is spent. It's part of a new generation of foundations."

Sidebar: Where to find how to give

Regional Philanthropist Groups

Boston: Next Generation Group, Ruth Reiss, 617-723-7415

Chicago: Young Leaders Fund, Leslie Kase, 312-372-3356

Hartford: Catalyst Endowment Fund, Sandy Wood-Holdt, 203-548-1888

New York: New York Regional Association of Grant Makers, Sally Klingenstein 212-492-6179 (or Funding Exchange 212-529-5300)

San Francisco: Resourceful Women, Pamela Johnson, 415-431-5677 (or Threshold Foundation 415-561-6400)

Seattle: A Territory Resource, Gloria Gross Villa (Gloria@Sprynet.com) , 206-624-4081

From Issue 05 | October 1996

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