News
As you know, the coming year will mark a significant transition for the Meyer Foundation as our board begins the search for the Foundation’s next president. The board's search and transition committee has selected The McCormick Group, a leading local firm with national reach, to manage the search. Over the next six weeks, The McCormick Group will work with our board to finalize the position profile and other aspects of the search. We will provide another update in early December.
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At its October 24 meeting, the Eugene and Agnes E. Meyer Foundation board of directors approved 67 grants totaling more than $2.2 million in the Foundation’s four program areas of Education, Healthy Communities, Economic Security, and a Strong Nonprofit Sector. These grants will support organizations whose work collectively touches the lives of more than 450,000 low-income people in the Washington metropolitan region.
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Two years ago, the leaders of Academy of Hope in Edgewood Terrace looked at how they could better prepare their adult students for a changing workforce, not to mention an entirely new GED test that’s coming in January. In order to replace volunteers with trained teachers and continue its work toward literacy alongside workforce training, the nonprofit realized it would have to double its more than $1 million budget.
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When Life Pieces to Masterpieces (LPTM), an arts-based mentoring program for black boys and young men, opened up two new pilot programs this fall to expand from its flagship campus, enrollment doubled, according to executive director Mary Brown. So did its waiting list.
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The business of business isn't always business. Hundreds of D.C.'s cut-throat-capitalists-by-day are actually waiting in line to provide pro-bono consulting to local nonprofits. One organization, Compass, has managed to assemble teams of (primarily) MBA graduates to lend their capitalist smarts to the nonprofit sector, giving time valued at a collective $11.5 million since 2010.
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Eugene and Agnes Meyer (at left) founded the Meyer Foundation in 1944, just 11 years after Mr. Meyer bought the Washington Post. Today, the Meyer Foundation is governed by an independent board of civic and community leaders and has no formal relationship with the Graham family or the Washington Post. The announced sale of the Post to Jeffrey Bezos will have no impact on the Meyer Foundation’s assets, mission, or its grantmaking to support lasting improvements in the lives of low-income people in the DC region.
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A rising generation of younger donors and philanthropic leaders could bring new money to nonprofits and fresh energy to their boardrooms—if boards can overcome their current dysfunction enough to engage them.
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For many years, and especially since the economic downturn reduced their grant making budgets, funders have been urging nonprofits to merge. Proponents of merger often cite duplication of effort among grantees and the presumed economic efficiencies that can be gained from having larger organizations.
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There are countless nonprofits in Washington with amazing stories to tell about their work. Unfortunately, many can't—or can't afford to—tell those stories in a way that ordinary donors and volunteers would understand. That's where Stone Soup Films comes in. The organization creates professional quality documentaries for deserving nonprofits—absolutely free.
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Julie L. Rogers, President & CEO of the Eugene and Agnes E. Meyer Foundation, announced today that she plans to step down in June 2014 after leading the Foundation for nearly 28 years.
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