Kelvin Taketa contribution to CEO Reflections on the Future of Foundation Philanthropy 122016

CEO REFLECTIONS on the Future of &ŽƵŶĚĂƟŽŶ WŚŝůĂŶƚŚƌŽƉLJ

A companion to The Future of Foundation Philanthropy: The CEO Perspective

CEO REFLECTIONS ŽŶ ƚŚĞ &ƵƚƵƌĞ ŽĨ &ŽƵŶĚĂƟŽŶ WŚŝůĂŶƚŚƌŽƉLJ A companion to The Future of Foundation Philanthropy: The CEO Perspective

FOR MORE INFORMATION, CONTACT ůůŝĞ ƵƚĞĂƵ͕ WŚ͘ ͘ sŝĐĞ WƌĞƐŝĚĞŶƚ͵ZĞƐĞĂƌĐŚ ϲϭϳͲϰϵϮͲϬϴϬϬ Ğdžƚ͘ Ϯϭϯ ĞůůŝĞďΛĞīĞĐƟǀĞƉŚŝůĂŶƚŚƌŽƉLJ͘ŽƌŐ

ABOUT THE CENTER FOR EFFECTIVE PHILANTHROPY dŚĞ ŵŝƐƐŝŽŶ ŽĨ ƚŚĞ ĞŶƚĞƌ ĨŽƌ īĞĐƟǀĞ WŚŝůĂŶƚŚƌŽƉLJ ; WͿ ŝƐ ƚŽ ƉƌŽǀŝĚĞ ĚĂƚĂ ĂŶĚ ĐƌĞĂƚĞ ŝŶƐŝŐŚƚ ƐŽ ƉŚŝůĂŶƚŚƌŽƉŝĐ ĨƵŶĚĞƌƐ ĐĂŶ ďĞƩĞƌ ĚĞĮŶĞ͕ ĂƐƐĞƐƐ͕ ĂŶĚ ŝŵƉƌŽǀĞ ƚŚĞŝƌ ĞīĞĐƟǀĞŶĞƐƐͶĂŶĚ͕ ĂƐ Ă ƌĞƐƵůƚ͕ ƚŚĞŝƌ ŝŶƚĞŶĚĞĚ ŝŵƉĂĐƚ͘ &Žƌ ŵŽƌĞ ŝŶĨŽƌŵĂƟŽŶ ŽŶ W͕ ƉůĞĂƐĞ ǀŝƐŝƚ ǁǁǁ͘ĞīĞĐƟǀĞƉŚŝůĂŶƚŚƌŽƉLJ͘ŽƌŐ͘ dŚĂŶŬ LJŽƵ ƚŽ W͛Ɛ ƌƚ ŝƌĞĐƚŽƌ͕ ^ĂƌĂ ƵďŽŝƐ͕ ĨŽƌ ŚĞƌ ĚĞƐŝŐŶ ŽĨ ƚŚŝƐ ƉƵďůŝĐĂƟŽŶ͘ dŚŝƐ ǁŽƌŬ ŝƐ ůŝĐĞŶƐĞĚ ƵŶĚĞƌ ƚŚĞ ƌĞĂƟǀĞ ŽŵŵŽŶƐ zͲE ͲE >ŝĐĞŶƐĞ͘ Ξ ϮϬϭϲ͘ dŚĞ ĞŶƚĞƌ ĨŽƌ īĞĐƟǀĞ WŚŝůĂŶƚŚƌŽƉLJ͕ /ŶĐ͘ ůů ƌŝŐŚƚƐ ƌĞƐĞƌǀĞĚ͘

TABLE OF CONTENTS 7 10 16 20

/ŶƚƌŽĚƵĐƟŽŶ Carol Larson dŚĞ ĂǀŝĚ ĂŶĚ >ƵĐŝůĞ WĂĐŬĂƌĚ &ŽƵŶĚĂƟŽŶ

Darren Walker &ŽƌĚ &ŽƵŶĚĂƟŽŶ

Judy Belk dŚĞ ĂůŝĨŽƌŶŝĂ tĞůůŶĞƐƐ &ŽƵŶĚĂƟŽŶ

26

Kate Wolford

30

Kelvin Taketa

34

Kevin Jennings

38

Nicky Goren

42

Stuart Comstock-Gay

dŚĞ DĐ<ŶŝŐŚƚ &ŽƵŶĚĂƟŽŶ

,ĂǁĂŝ͚ŝ ŽŵŵƵŶŝƚLJ &ŽƵŶĚĂƟŽŶ

ƌĐƵƐ &ŽƵŶĚĂƟŽŶ

ƵŐĞŶĞ ĂŶĚ ŐŶĞƐ ͘ DĞLJĞƌ &ŽƵŶĚĂƟŽŶ

ĞůĂǁĂƌĞ ŽŵŵƵŶŝƚLJ &ŽƵŶĚĂƟŽŶ

INTRODUCTION Dear Colleague, In 2016, the William and Flora Hewlett Foundation commissioned research by the Center for Effective Philanthropy (CEP) about foundation leaders’ perspectives on the current state—and future—of foundation philanthropy.

We at CEP set out to understand foundation CEOs’ perspectives on how much of a difference foundations are making on important issues in society, and on what the barriers are that are standing in their way. We asked foundation CEOs about the pressing issues they believe will impact society, and foundation philanthropy in particular, in the coming decades.

We wanted to learn about their concerns and hopes and what they believe is the unique role that foundations can play in society, relative to other sectors.

The result is The Future of Foundation Philanthropy: The CEO Perspective, which is informed by the perspectives of more than 200 CEOs who responded to a survey or participated in indepth interviews.

The findings highlight challenges faced by foundation leaders today, concerns for the future, and reasons to be optimistic about the future of foundation philanthropy.

We hope that these findings will help catalyze a candid discussion among CEOs about the changes that need to occur for foundations to maximize their impact and more fully realize their potential.

To that end, we decided to invite current foundation CEOs to share their reactions to the research findings and move the conversation to “what now?” We did not offer suggestions for what CEOs should write about and we did not edit the content of their writing.

Their reflections are included in the following pages. We encourage you to read the full report together with these reflections.

We are so appreciative of those who submitted reflections, and wish to thank them for helping spark discussion on these important issues.

Sincerely, Ellie Buteau Vice President, Research ELLIE BUTEAU sŝĐĞ WƌĞƐŝĚĞŶƚ͕ ZĞƐĞĂƌĐŚ ĞŶƚĞƌ ĨŽƌ īĞĐƟǀĞ WŚŝůĂŶƚŚƌŽƉLJ 7

ŽƵƌ ŵŽƌĞ ƚƌĂĚŝƟŽŶĂů ŐƌĂŶƚ ƉƌŽŐƌĂŵƐ ĂŶĚ ĚŽŶŽƌ ƐĞƌǀŝĐĞƐ͘ / ŚŽƉĞ Ă ĨĞǁ ŽďƐĞƌǀĂƟŽŶƐ ĂďŽƵƚ ŽƵƌ ĐŚĂůůĞŶŐĞƐ ĂŶĚ ǁŚĂƚ ǁĞ ŚĂǀĞ ůĞĂƌŶĞĚ ŵĂLJ ďĞ ŚĞůƉĨƵů ƚŽ ƌĞĂĚĞƌƐ ŽĨ ƚŚŝƐ ƌĞƉŽƌƚ͘

SHIFTING d, KhZ^ KELVIN TAKETA ,ĂǁĂŝ͚ŝ ŽŵŵƵŶŝƚLJ &ŽƵŶĚĂƟŽŶ /Ŷ ƌĞĂĚŝŶŐ ƚŚĞ ĞŶƚĞƌ ĨŽƌ īĞĐƟǀĞ WŚŝůĂŶƚŚƌŽƉLJ͛Ɛ The Future of &ŽƵŶĚĂƟŽŶ WŚŝůĂŶƚŚƌŽƉLJ ƌĞƉŽƌƚ͕ / ĐĂŶ ĨĞĞů ŵLJ ĐŽůůĞĂŐƵĞƐ͛ ƉĂŝŶ͘ dŽ ďĞ ŚĂŶĚĞĚ ƚŚĞ ƌĞƐŽƵƌĐĞƐ ŽĨ Ă ŐƌĞĂƚ ĨŽƵŶĚĂƟŽŶ ĐŽƵƉůĞĚ ǁŝƚŚ ƚŚĞ ŵŽƌĂů ŝŵƉĞƌĂƟǀĞ ƚŽ ĚŽ ŐŽŽĚ ŝŶ ƚŚĞ ǁŽƌůĚ ŝƐ ĂŵŽŶŐ ƚŚĞ ďĞƐƚ ƚŚŝŶŐƐ ŽŶĞ ĐĂŶ ǁŝƐŚ ĨŽƌ͘ ŶĚ ƚŚĞŶ ƚŽ ďĞ ĨĂĐĞĚ ǁŝƚŚ ŚŽǁ ĞdžĐĞĞĚŝŶŐůLJ ĚŝĸĐƵůƚ ŝƚ ĂĐƚƵĂůůLJ ĐĂŶ ďĞ͕ ŝƚ ĐĂŶ ƚƵƌŶ ŽŶĞ ŝŶƚŽ Ă ĐŚƌŽŶŝĐ ŝŶƐŽŵŶŝĂĐ͘ zĞƚ / Ăŵ ŝŶƐƉŝƌĞĚ ďLJ ƚŚĞ ĂƐƉŝƌĂƟŽŶƐ ŽĨ ŵLJ ĐŽůůĞĂŐƵĞƐ ŝŶ ƚŚŝƐ ƌĞƉŽƌƚ͘ EŽ ŽŶĞ ŝƐ ƐĞƫŶŐ Ă ůŽǁ ďĂƌ ĂŶĚ ŝƚ ƐĞĞŵƐ ǁĞ ƐŚĂƌĞ Ă ĚĞƐŝƌĞ ƚŽ ŵĂŬĞ Ă ƐƵďƐƚĂŶƟǀĞ ĚŝīĞƌĞŶĐĞ ŶŽ ŵĂƩĞƌ ǁŚĂƚ ƚŚĞ ƉĂƌƟĐƵůĂƌ ŵŝƐƐŝŽŶ ŵĂLJ ďĞ ŽĨ ĞĂĐŚ ĨŽƵŶĚĂƟŽŶ͘ ŶĚ ŐŝǀĞŶ ƚŚĂƚ ĂŵďŝƟŽŶ͕ ǁĞ ƌƵŶ ŚĞĂĚůŽŶŐ ŝŶƚŽ ƚŚĞ ǁŽƌůĚ ŽĨ ƐLJƐƚĞŵƐ Focusing ĐŚĂŶŐĞ ǁŚĞƌĞ ĐŽŵƉĞƟŶŐ ŝŶƐƟŶĐƚƐ ƐƵĐŚ ĂƐ ƵƌŐĞŶĐLJ on systems ĂŶĚ ƉĂƟĞŶĐĞ Žƌ ƌŝŐŽƌ ĂŶĚ ŇĞdžŝďŝůŝƚLJ ĐŽůůŝĚĞ͘ &ŽĐƵƐŝŶŐ change ŽŶ ƐLJƐƚĞŵƐ ĐŚĂŶŐĞ ƌĞƋƵŝƌĞƐ Ă ƐŚŝŌ ŝŶ ƚŚĞ ĨƵŶĚĂŵĞŶƚĂů ǁĂLJƐ ƚŚĂƚ ĨŽƵŶĚĂƟŽŶƐ ŚĂǀĞ ǁŽƌŬĞĚ ĨŽƌ LJĞĂƌƐ͘ EŽ requires a ǁŽŶĚĞƌ ŝƚ ŝƐ ŚĂƌĚ͘

shift in the fundamental ways that foundations have worked for years.

&Žƌ ŶĞĂƌůLJ ƚǁŽ ĚĞĐĂĚĞƐ͕ / ŚĂǀĞ ŚĂĚ ƚŚĞ ƉƌŝǀŝůĞŐĞ ƚŽ ůĞĂĚ ƚŚĞ ƐƚĂƚĞǁŝĚĞ ĐŽŵŵƵŶŝƚLJ ĨŽƵŶĚĂƟŽŶ ŝŶ ,ĂǁĂŝ͚ŝ͖ Ă ďŝŐ ĮƐŚͶŝŶ ĨĂĐƚ ƚŚĞ ůĂƌŐĞƐƚ ĨŽƵŶĚĂƟŽŶ ŝŶ ƚŚĞ ƐƚĂƚĞͶŝŶ Ă ǀĞƌLJ ƐŵĂůů ƉŽŶĚ͘ /ƚ ŚĂƐ ŐŝǀĞŶ ƵƐ ƚŚĞ ƉůĂƞŽƌŵ ƚŽ ůĂƵŶĐŚ ƐĞǀĞƌĂů ŵĂũŽƌ ŝŶŝƟĂƟǀĞƐ ŝŶǀŽůǀŝŶŐ ƐLJƐƚĞŵƐ ĐŚĂŶŐĞ ŝŶ ƉƵďůŝĐ ĞĚƵĐĂƟŽŶ͕ ŚŽŵĞůĞƐƐŶĞƐƐ͕ ǀƵůŶĞƌĂďůĞ ĨĂŵŝůŝĞƐ͕ ĨƌĞƐŚǁĂƚĞƌ ƐĞĐƵƌŝƚLJ͕ ĂŶĚ ŐŽǀĞƌŶŵĞŶƚ ƚƌĂŶƐĨŽƌŵĂƟŽŶ͘ ůů ŽĨ ƚŚĞƐĞ ŝŶŝƟĂƟǀĞƐ ŚĂǀĞ ŝŶǀŽůǀĞĚ ŵƵůƟƉůĞ ƐƚĂŬĞŚŽůĚĞƌƐ ĂŶĚ ĨƵŶĚĞƌƐ ĂŶĚ ŚĂǀĞ ĐŽĞdžŝƐƚĞĚ ĂůŽŶŐƐŝĚĞ

ϯϬ | K Z &> d/KE^ KE d, &hdhZ K& &KhE d/KE W,/> Ed,ZKWz

tĞ ŚĂǀĞ ƚŽ ŐƵĂƌĚ ĂŐĂŝŶƐƚ ƚŚĞ ĚĞƐŝƌĞ ƚŽ ĚĞĮŶĞ ƐƵĐĐĞƐƐ ƐŽůĞůLJ ďLJ ƐŚŽƌƚͲ ƚĞƌŵ ƉƌŽŐƌĂŵŵĂƟĐ ƌĞƐƵůƚƐ ĂŶĚ ŝŶƐƚĞĂĚ ůŽŽŬ ƚŽ ďƵŝůĚ ƚŚĞ ĐŽŶƐƚĞůůĂƟŽŶ ŽĨ ŬĞLJ ĂĐƚŽƌƐ ĂŶĚ ƐƚĂŬĞŚŽůĚĞƌƐ͘ tŚŝůĞ ŝƚ ŝƐ ŝŵƉŽƌƚĂŶƚ͕ ĞƐƉĞĐŝĂůůLJ ĨŽƌ ĨƵŶĚĞƌƐ͕ ƚŽ ƌĞĐŽŐŶŝnjĞ ƐŽŵĞ ŶĞĂƌͲƚĞƌŵ ƉƌŽŐƌĞƐƐ͕ ŝƚ ŝƐ ĐƌŝƟĐĂů ƚŽ ŬĞĞƉ LJŽƵƌ ĞLJĞƐ ŽŶ ƚŚĞ ƉƌŝnjĞ ŽĨ ůŽŶŐĞƌͲƚĞƌŵ ƐLJƐƚĞŵƐ ĐŚĂŶŐĞ͘ &Žƌ ĞdžĂŵƉůĞ͕ ǁĞ ĐŽŶǀĞŶĞĚ Ϯϱ ůĞĂĚĞƌƐ ĨƌŽŵ ƚŚĞ ĞŶǀŝƌŽŶŵĞŶƚĂů͕ ĐƵůƚƵƌĂů͕ ĂŐƌŝĐƵůƚƵƌĂů͕ ĂŶĚ ŐŽǀĞƌŶŵĞŶƚĂů ƐĞĐƚŽƌƐ ;ǁŚŽ ǁĞƌĞ ŽŌĞŶ ĂĚǀĞƌƐĂƌŝĞƐͿ ƚŽ ǁŽƌŬ ŽŶ Ă ďůƵĞƉƌŝŶƚ ĨŽƌ ĨƌĞƐŚǁĂƚĞƌ ƐĞĐƵƌŝƚLJ ŝŶ ƚŚĞ ƐƚĂƚĞ͘ Ɛ Ă ƌĞƐƵůƚ͕ ƚŚŝƐ ĐŽĂůŝƟŽŶ ǁĂƐ ĂďůĞ ƚŽ ƉĂƐƐ ĮǀĞ ďŝůůƐ ŝŶ ƚŚĞ ƐƚĂƚĞ ůĞŐŝƐůĂƚƵƌĞ ŝŶ ƚǁŽ LJĞĂƌƐ͘ Ƶƚ ƚŚĞ ůŽŶŐĞƌͲƚĞƌŵ ŐŽĂů ŝƐ ǁŚĞƚŚĞƌ ƚŚŝƐ ĐŽĂůŝƟŽŶ ĐĂŶ ĐŽŶƟŶƵĞ ƚŽ ƉƌŽƐƉĞƌ ĂŶĚ ŐƌŽǁ ĂŶĚ ďĞĐŽŵĞ ƚŚĞ ŵĞĂŶƐ ďLJ ǁŚŝĐŚ ŝŶĐƌĞĂƐŝŶŐůLJ ĐŽŶƚĞŶƟŽƵƐ ŝƐƐƵĞƐ ĐĂŶ ďĞ ƌĞƐŽůǀĞĚ͘

We have also learned to be patient. tĞ ŚĂǀĞ ĂůƐŽ ůĞĂƌŶĞĚ ƚŽ ďĞ ƉĂƟĞŶƚ ŝŶ ŽƵƌ ĞīŽƌƚƐ ƚŽ ĚĞǀĞůŽƉ ƐƚĂŬĞŚŽůĚĞƌ ĞŶŐĂŐĞŵĞŶƚ ĂŶĚ ƐŚĂƌĞĚ ƐƚƌĂƚĞŐŝĞƐ ĂŶĚ ŐŽĂůƐ͘ KŌĞŶ ŝƚ ĐĂŶ ƚĂŬĞ ƐĞǀĞƌĂů LJĞĂƌƐ ĂŶĚ͕ ǁŚŝůĞ ǁĞ ůŽŽŬ ƚŽ ŽƚŚĞƌ ĨƵŶĚĞƌƐ ƚŽ ŝŶǀĞƐƚ ǁŝƚŚ ƵƐ ŝŶ ƚŚĞ ŝŵƉůĞŵĞŶƚĂƟŽŶ ƉŚĂƐĞ͕ ǁĞ ĂƌĞ ůĞŌ ƚŽ ĨƵŶĚ ƚŚĞ ĞĂƌůLJͲƐƚĂŐĞ ĚĞƐŝŐŶ ǁŽƌŬ ŽŶ ŽƵƌ ŽǁŶ͘ Ɛ Ă ĐŽŵŵƵŶŝƚLJ ĨŽƵŶĚĂƟŽŶ ǁŝƚŚ ŵƵůƟƉůĞ ĚŽŶŽƌ ŝŶƚĞƌĞƐƚƐ ĂŶĚ ƉƌŽŐƌĂŵƐ͕ ƚŚĞ ĮŶĂŶĐŝĂů ƌĞƐŽƵƌĐĞƐ ĂŶĚ͕ ďLJ ĞdžƚĞŶƐŝŽŶ͕ ƚŚĞ ƐƚĂī ƟŵĞ ƚŽ ĚŽ ƚŚŝƐ ŬŝŶĚ ŽĨ ǁŽƌŬ ŝƐ ůŝŵŝƚĞĚ͘ ^Ž ǁĞ ŚĂǀĞ ƚŽ ĐŚŽŽƐĞ ĐĂƌĞĨƵůůLJ ďĞĨŽƌĞ ĞŵďĂƌŬŝŶŐ ŽŶ ĞĂƌůLJ ĚƵĞ ĚŝůŝŐĞŶĐĞ ĂŶĚ ůŽŽŬ ƚŽ ŝŶĚŝĐĂƟŽŶƐ ŽĨ ͞ƌŝƉĞŶĞƐƐ͟ ƚŽ ĚĞƚĞƌŵŝŶĞ ǁŚĞƚŚĞƌ ƚŚĞ ĐŽŶĚŝƟŽŶƐ ĞdžŝƐƚ ƚŚĂƚ ŵŝŐŚƚ ĞŶĂďůĞ ƐƵĐĐĞƐƐ͘ tĞ ŚĂǀĞ ƚŽ ƉĂLJ ĂƩĞŶƟŽŶ ƚŽ ƚŚĞ ĐĂƉĂĐŝƚLJ ĂŶĚ ƌĞƐŝůŝĞŶĐĞ ŽĨ Ăůů ŽĨ ƚŚĞ ŬĞLJ ƉůĂLJĞƌƐ͘ >ŝŬĞ ŶĂƚƵƌĂů ĞĐŽƐLJƐƚĞŵƐ͕ ƚŚĞƐĞ ƉůĂLJĞƌƐ ĂƌĞ ŽŌĞŶ ŝŶƚĞƌĚĞƉĞŶĚĞŶƚ ĂŶĚ ƚŚĞ ƐƚƌĞŶŐƚŚ ŽĨ ƚŚĞ ǁŚŽůĞ ŝƐ ƌĞůŝĂŶƚ ŽŶ ƚŚĞ ĐĂƉĂĐŝƚLJ ŽĨ ĞĂĐŚ ƉĂƌƚ͘ /Ŷ ŶĞĂƌůLJ Ăůů ŽĨ ŽƵƌ ǁŽƌŬ ŝŶ ƚŚĞƐĞ ĂƌĞĂƐ͕ ŐŽǀĞƌŶŵĞŶƚ ĂŐĞŶĐŝĞƐ ĂƌĞ Ă ƉƌŝŶĐŝƉĂů ŵĞĂŶƐ ŽĨ ƐĞƌǀŝĐĞ ĚĞůŝǀĞƌLJ͕ ŝŶǀĞƐƚŵĞŶƚ͕ Žƌ ƉŽůŝĐLJ ƌĞĨŽƌŵ͘ ŶĚ ǁŚŝůĞ ĨŽƵŶĚĂƟŽŶƐ ŚĂǀĞ ůŽŶŐ ĨƵŶĚĞĚ ĐĂƉĂĐŝƚLJͲ ďƵŝůĚŝŶŐ ĞīŽƌƚƐ ŝŶ ƚŚĞ ŶŽŶƉƌŽĮƚ ƐĞĐƚŽƌ͕ ƚŚĞLJ ŚĂǀĞ ƌĂƌĞůLJ ƉƌŽǀŝĚĞĚ ƐƵĐŚ ĨƵŶĚƐ ƚŽ ƉƵďůŝĐ ĂŐĞŶĐŝĞƐ͘ Ɛ ǁĞ ďƵŝůƚ ƌĞůĂƟŽŶƐŚŝƉƐ ĂŶĚ ƚƌƵƐƚ ĂŵŽŶŐ ŐŽǀĞƌŶŵĞŶƚ ůĞĂĚĞƌƐ͕ ǁĞ ĐĂŵĞ ƚŽ ƌĞĂůŝnjĞ ŚŽǁ ůŝƩůĞ ĚŝƐĐƌĞƟŽŶĂƌLJ ƌĞƐŽƵƌĐĞƐ ƚŚĞLJ ŚĂǀĞ ƚŽ ĐŽŶĚƵĐƚ ƐƚƌĂƚĞŐŝĐ ƉůĂŶŶŝŶŐ͕ ĚĞǀĞůŽƉ ĞdžĞĐƵƟǀĞ ĂŶĚ ŵĂŶĂŐĞŵĞŶƚ ƐŬŝůůƐ͕ ƌĞĚĞƐŝŐŶ ŵŽƌŝďƵŶĚ ƉƌŽĐĞƐƐĞƐ͕ Žƌ ŵĂƌŬĞƚ ƚŚĞŝƌ ƐĞƌǀŝĐĞƐ͘ dŚŝƐ ƌĞĂůŝnjĂƟŽŶ ǁĂƐ Ă ƐƵƌƉƌŝƐĞ͘ :ƵƐƚ ĂƐ ǁĞ ďĞůŝĞǀĞ ƚŚĂƚ ǁĞ ĐĂŶ ŽŶůLJ ĂĐŚŝĞǀĞ ŐƌĞĂƚ ƌĞƐƵůƚƐ ŝĨ ǁĞ ŚĂǀĞ ŐƌĞĂƚ ŽƌŐĂŶŝnjĂƟŽŶƐ ƚŽ ŝŶǀĞƐƚ ŝŶ͕ ŝƚ ďĞĐĂŵĞ ĐůĞĂƌ ƚŚĂƚ ƚŚĞ ƐĂŵĞ ŶĞĞĚĞĚ ƚŽ ďĞ ƚƌƵĞ ŽĨ ŬĞLJ ŐŽǀĞƌŶŵĞŶƚ ƉĂƌƚŶĞƌƐ͘ d, Ed Z &KZ && d/s W,/> Ed,ZKWz | ϯϭ

/Ŷ Ă ƌĞůĂƚĞĚ ĂƌĞĂ͕ ǁĞ ŚĂǀĞ ůŽŽŬĞĚ ƚŽ ďƵŝůĚ ŵĂũŽƌ ŝŶŝƟĂƟǀĞƐ ŝŶ ƉƌŽŐƌĂŵƐ ǁŚĞƌĞ ƚŚĞƌĞ ŝƐ ĂŶ ŽƉƉŽƌƚƵŶŝƚLJ ƚŽ ƵƐĞ ĚĂƚĂ ƚŽ ŐĂƵŐĞ ƉƌŽŐƌĞƐƐ ĂŐĂŝŶƐƚ ƐŚĂƌĞĚ ŐŽĂůƐ ĂŶĚ ƚŽ ŝŶǀĞƐƚ ŝŶ ƚŚĞ ĐƌĞĂƟŽŶ ŽĨ ĚĂƚĂ ƐLJƐƚĞŵƐ͕ ĂŶĂůLJƐŝƐ͕ ĂŶĚ ĐƵůƚƵƌĞ ĂƐ Ă ƚŽŽů ƚŽ ŚĞůƉ ĂĚĂƉƚ͕ ƐĐĂůĞ͕ ĂŶĚ ŝŶŶŽǀĂƚĞ͘ ƚ ƟŵĞƐ͕ ƚŚŝƐ ŚĂƐ ŵĞĂŶƚ Ă ĚŝƌĞĐƚ ŝŶǀĞƐƚŵĞŶƚ ŝŶ ŝŵƉƌŽǀŝŶŐ ĚĂƚĂ ƐLJƐƚĞŵƐ ŝŶ ƚŚĞ ƉƵďůŝĐ ƐĞĐƚŽƌ Žƌ ǁŝƚŚ ƉƵďůŝĐ ŝŶĨŽƌŵĂƟŽŶ͕ ũƵƐƚ ĂƐ 'ƵŝĚĞ^ƚĂƌ ŝƐ ƉŝŽŶĞĞƌŝŶŐ ƚŚĞ ƵƐĞ ĂŶĚ ĂŶĂůLJƐŝƐ ŽĨ /Z^ ϵϵϬ ĚĂƚĂ͘ &Žƌ ĞdžĂŵƉůĞ͕ ƚŚĞ ^ƚĂƚĞ ŽĨ ,ĂǁĂŝ͚ŝ ĞƉĂƌƚŵĞŶƚ ŽĨ ĚƵĐĂƟŽŶ ĚĞǀĞůŽƉĞĚ ĂŶ ͞ĞĂƌůLJ ǁĂƌŶŝŶŐ ƐLJƐƚĞŵ͟ ƚŽ ŝĚĞŶƟĨLJ ŵŝĚĚůĞ ƐĐŚŽŽů ƐƚƵĚĞŶƚƐ ǁŚŽ ǁĞƌĞ Ăƚ ƌŝƐŬ ŽĨ ŶŽƚ ĐŽŵƉůĞƟŶŐ ŚŝŐŚ ƐĐŚŽŽů͘ tĞ ǁŽƌŬĞĚ ǁŝƚŚ Ă ŐƌŽƵƉ ŽĨ ƐĐŚŽŽůƐ ǁŝƚŚ ŚŝŐŚͲƌŝƐŬ ƉŽƉƵůĂƟŽŶƐ͕ ŵĂŶLJ ŽĨ ǁŚŽŵ ƌĂƌĞůLJ ůŽŽŬĞĚ Ăƚ ƚŚĞ ĚĂƚĂ͕ ĂŶĚ ŚĞůƉĞĚ ƚŚĞŵ ĚĞǀĞůŽƉ Ă ůĞĂƌŶŝŶŐ ĐŽŵŵƵŶŝƚLJ ǁŝƚŚ ĚĂƐŚďŽĂƌĚƐ ǁŚŝĐŚ ƚƌĂĐŬĞĚ ĞĂĐŚ ŚŝŐŚͲƌŝƐŬ ƐƚƵĚĞŶƚ ĂŶĚ ƐŚĂƌĞĚ ƐƵĐĐĞƐƐĨƵů ƐƚƌĂƚĞŐŝĞƐ ǁŝƚŚ ĞĂĐŚ ŽƚŚĞƌ͘ LJ ĨŽĐƵƐŝŶŐ ŽŶ ƚŚĞƐĞ ŬŝĚƐ ĂŶĚ ƚŚĞŝƌ ƌĞĂůͲƟŵĞ ƉƌŽŐƌĞƐƐ͕ ƚŚĞƐĞ ƐĐŚŽŽůƐ ŚĂǀĞ ƐĞĞŶ Ă ƐƵďƐƚĂŶƟĂů ƚƵƌŶĂƌŽƵŶĚ ŝŶ ĂĐĂĚĞŵŝĐ ƉĞƌĨŽƌŵĂŶĐĞ ĂŶĚ ďĞŚĂǀŝŽƌ͘ Ɛ ŽƵƌ ƐŝŐŚƚƐ ŚĂǀĞ ďĞĞŶ ƐĞƚ ŚŝŐŚĞƌ͕ ŝƚ ŝƐ Ă ĐŚĂůůĞŶŐĞ ƚŽ ĂƉƉƌŽƉƌŝĂƚĞůLJ ĚĞĮŶĞ ƚŚĞ ƌŽůĞ ŽĨ ƚŚĞ &ŽƵŶĚĂƟŽŶ͘ ůĞĂƌůLJ͕ ǁĞ ŚĂǀĞ Ă ǁŝĚĞůLJ ƌĞĐŽŐŶŝnjĞĚ ĂŶĚ ǀĂůƵĞĚ ƌŽůĞ ĂƐ Ă ĐŽŶǀĞŶĞƌ ĂƌŽƵŶĚ ŝŵƉŽƌƚĂŶƚ ĐŽŵŵƵŶŝƚLJ ŝƐƐƵĞƐ͘ dŚŝƐ ƌŽůĞ ŚĂƐ Ă ĐƵƌƌĞŶĐLJ ĂƐ ŐƌĞĂƚ ĂƐ ƚŚĞ ĚŽůůĂƌƐ ǁĞ ŝŶǀĞƐƚ ŝŶ ƚŚĞ ĐŽŵŵƵŶŝƚLJ ĞĂĐŚ LJĞĂƌ͕ ĂŶĚ ǁĞ ǁŽƌŬ ŚĂƌĚ ƚŽ ĐƵůƟǀĂƚĞ ƚƌƵƐƚ ĂŵŽŶŐ ŶŽŶƉƌŽĮƚ͕ ĐŽŵŵƵŶŝƚLJ͕ ƵŶŝŽŶ͕ ďƵƐŝŶĞƐƐ͕ ĂŶĚ ŐŽǀĞƌŶŵĞŶƚ ůĞĂĚĞƌƐ ĂŶĚ ŝŶƐƟƚƵƟŽŶƐ͘ /ƚ ĂůƐŽ ƌĞƋƵŝƌĞƐ Ă ĚŝīĞƌĞŶƚ ƐĞƚ ŽĨ ƐŬŝůůƐ ĂŵŽŶŐ ƚŚĞ ƐƚĂī Ăƚ ƚŚĞ &ŽƵŶĚĂƟŽŶ ƚŽ ĐƵƌĂƚĞ ƚŚĞƐĞ ƌĞůĂƟŽŶƐŚŝƉƐ ĂŶĚ ƚŽ ĨĂĐŝůŝƚĂƚĞ ƚŚĞƐĞ ĐŽŶǀĞƌƐĂƟŽŶƐ͘ ^Ɵůů͕ / Ăŵ ŵŝŶĚĨƵů ŽĨ ƚŚĞ ĨĂĐƚ ƚŚĂƚ͕ ŝŶ ŵĂŶLJ ŝŶƐƚĂŶĐĞƐ͕ We have our hands ǁĞ ŚĂǀĞ ŽƵƌ ŚĂŶĚƐ ŽŶ ƌĞƐŽƵƌĐĞƐ ƚŚĂƚ ŵĂŶLJ ǁŽƵůĚ ůŝŬĞ ƚŽ ĂĐĐĞƐƐ͕ ĂŶĚ ƚŚĞ ƉŽǁĞƌ ĚLJŶĂŵŝĐƐ ĂƌĞ ƟůƚĞĚ on resources that ŽƵƌ ǁĂLJ͘ KŌĞŶ ĚŽŶŽƌƐ ĂŶĚ ŽƚŚĞƌ ĨŽƵŶĚĂƟŽŶƐ ũŽŝŶ many would like ƚŚĞƐĞ ĞīŽƌƚƐ ďĞĐĂƵƐĞ ŽĨ ƚŚĞ ĞŶĐŽƵƌĂŐĞŵĞŶƚ ŽĨ ƚŚĞ to access, and the &ŽƵŶĚĂƟŽŶ ĂŶĚ͕ ĂůŽŶŐ ǁŝƚŚ ŽƵƌ ŽǁŶ ĚŽŶŽƌƐ ĂŶĚ power dynamics are ĨƵŶĚƐ͕ ǁĞ ƌĞĐŽŐŶŝnjĞ ƚŚĞ ĮĚƵĐŝĂƌLJ ƌĞƐƉŽŶƐŝďŝůŝƚLJ ǁĞ tilted our way. ŚĂǀĞ ƚŽ ŵĂŬĞ ǁŝƐĞ ŝŶǀĞƐƚŵĞŶƚƐ ŽŶ ƚŚĞŝƌ ďĞŚĂůĨ͘ ^Ž ǁĞ ĐĂŶ͛ƚ ƌĞĂůůLJ ďĞ Ă ƉĂƐƐŝǀĞ ƉĂƌƟĐŝƉĂŶƚ͕ ĂŶĚ ǁĞ ƐƚƌƵŐŐůĞ ǁŝƚŚ ƚŚĞ ŶŽƟŽŶƐ ŽĨ ŚƵŵŝůŝƚLJ ůŝŬĞ ŵĂŶLJ ŽƚŚĞƌƐ ŝŶ ƚŚĞ ƌĞƉŽƌƚ͘ tŚĂƚ ŚĂƐ ǁŽƌŬĞĚ ďĞƐƚ ŝƐ ǁŚĞŶ ǁĞ ĨŽĐƵƐ ŽŶ ƚŚĞ ĚĞƐŝŐŶ ŽĨ ƚŚĞ ĞīŽƌƚ ĂŶĚ ŶŽƚ ƚŽ ƉƌĞƐĐƌŝďĞ ƚŚĞ ŽƵƚĐŽŵĞ͘ 'Ğƚ ƚŚĞ ƌŝŐŚƚ ƉĞŽƉůĞ ƚŽ ƚŚĞ ƚĂďůĞ͕ ĐƌĞĂƚĞ Ă ƉƌŽĐĞƐƐ ƚŽ ĞŶŐĞŶĚĞƌ ƚƌƵƐƚ͕ ďƵŝůĚ Ă ƐŚĂƌĞĚ ǀŝĞǁ͕ ĂŶĚ ĂůůŽǁ ƚŚĞ ŐƌŽƵƉ ƚŽ ĚĞƚĞƌŵŝŶĞ ƚŚĞ ŐŽĂůƐ ĂŶĚ ƉƌŝŽƌŝƟĞƐ͘ &ŽƐƚĞƌ ĂŶ ĂƚŵŽƐƉŚĞƌĞ ŽĨ ĐŽŶƟŶƵŝŶŐ ĐŽŵŵŝƚŵĞŶƚ͕ ĐŽůůĂďŽƌĂƟŽŶ͕ ĂŶĚ ĨŽĐƵƐ͘

The hardest part of the changing paradigm for foundations to make a more substantial difference is cultural.

ƚŽ ŽŶĞ ƚŚĂƚ ŝƐ ĐŽͲĐƌĞĂƚĞĚ ĂŶĚ ƐŚĂƌĞĚ ƚĂŬĞƐ ĚŝīĞƌĞŶƚ ƐŬŝůůƐ ĂŶĚ ƉƌŽĐĞƐƐĞƐ͘ tŽƌŬŝŶŐ ƚŽ ĐƌĞĂƚĞ Ă ĐƵůƚƵƌĞ ƚŚĂƚ ŝƐ ŵŽƌĞ ĂďŽƵƚ ŵƵƚƵĂů ƌĞƐƉŽŶƐŝďŝůŝƚLJ ĂŶĚ ůĞƐƐ ĂďŽƵƚ ŐƌĂŶƚĞĞ ĂĐĐŽƵŶƚĂďŝůŝƚLJ ǁŝůů ŵĞĂŶ ŶĞǁ ĂŐƌĞĞŵĞŶƚƐ ĂŶĚ ƐƚƌƵĐƚƵƌĞƐ͘ /ƚ ƐƟůů ƌĞƋƵŝƌĞƐ ůĞĂĚĞƌƐŚŝƉ͕ ďƵƚ ŝŶ Ă ĚŝīĞƌĞŶƚ ǁĂLJ͘

/Ŷ ,ĂǁĂŝ͚ŝ͕ Ă ƉŽƉƵůĂƌ ƐƉŽƌƚ ŝŶǀŽůǀĞƐ ƌĂĐŝŶŐ ƐŝdžͲƉĞƌƐŽŶ ŽƵƚƌŝŐŐĞƌ ĐĂŶŽĞƐ ůŽŶŐ ĚŝƐƚĂŶĐĞƐ͘ dŚĞ ƉĞƌƐŽŶ ŝŶ ĨƌŽŶƚ͕ ĐĂůůĞĚ ƚŚĞ ƐƚƌŽŬĞ͕ ƐĞƚƐ ƚŚĞ ƉĂĐĞ ďLJ ǁŚŝĐŚ Ăůů ƚŚĞ ŽƚŚĞƌ ƉĂĚĚůĞƌƐ ĨŽůůŽǁ ƚŚĂƚ ƉĞƌƐŽŶ͛Ɛ ƚĞŵƉŽ͘ dŚĞ ƐƚƌŽŬĞ ŝƐ ƚŚĞ ŵŽƐƚ ǀŝƐŝďůĞ ŵĞŵďĞƌ ŽĨ ƚŚĞ ĐĂŶŽĞ ĂŶĚ͕ ƚŽ ƚŚĞ ƵŶŝŶŝƟĂƚĞĚ͕ ĂƉƉĞĂƌƐ ƚŽ ďĞ ƚŚĞ ůĞĂĚĞƌ͘ dŚĞ ƉĞƌƐŽŶ ŝŶ ƚŚĞ ĨĂƌ ďĂĐŬ ŝƐ ƚŚĞ ƐƚĞĞƌƐŵĂŶ͘ DŽƐƚ ŽĨ ƚŚĞ ƟŵĞ͕ ƚŚĞ ƐƚĞĞƌƐŵĂŶ ũŽŝŶƐ ŝŶ ǁŝƚŚ ƚŚĞ ƌĞƐƚ ŽĨ ƚŚĞ ƉĂĚĚůĞƌƐ͘ Ƶƚ ĞǀĞƌLJ ŽŶĐĞ ŝŶ Ă ǁŚŝůĞ͕ ŝŶ Ă ĚĞŌ ĂŶĚ ŶƵĂŶĐĞĚ ŵŽǀĞ͕ ŚĞ Žƌ ƐŚĞ ĚŝƉƐ ƚŚĞ ƉĂĚĚůĞ ƚŽ ŽŶĞ ƐŝĚĞ ŽĨ ƚŚĞ ĐĂŶŽĞ Žƌ ƚŚĞ ŽƚŚĞƌ ƚŽ ĂůƚĞƌ ƚŚĞ ĚŝƌĞĐƟŽŶ ĂŶĚ ĚĞƚĞƌŵŝŶĞ ƚŚĞ ĐŽƵƌƐĞ͘ /͛Ě ůŝŬĞ ƚŽ ƚŚŝŶŬ ƚŚĂƚ ĨŽƵŶĚĂƟŽŶƐ ĐĂŶ ƉůĂLJ ƚŚŝƐ ƌŽůĞ ǁĞůů͘

Kelvin H. Taketa ŝƐ ƚŚĞ ĐŚŝĞĨ ĞdžĞĐƵƟǀĞ ŽĸĐĞƌ ŽĨ ƚŚĞ ,ĂǁĂŝ͚ŝ ŽŵŵƵŶŝƚLJ &ŽƵŶĚĂƟŽŶͶ ŽŶĞ ŽĨ ƚŚĞ ŽůĚĞƐƚ ĂŶĚ ůĂƌŐĞƐƚ ĐŽŵŵƵŶŝƚLJ ĨŽƵŶĚĂƟŽŶƐ ŝŶ ƚŚĞ ŶĂƟŽŶ͕ ĐĞůĞďƌĂƟŶŐ ϭϬϬ LJĞĂƌƐ ŽĨ ƐĞƌǀŝŶŐ ,ĂǁĂŝ͚ŝ͛Ɛ ĐŽŵŵƵŶŝƟĞƐ͘ ^ŝŶĐĞ ŚŝƐ ĂƉƉŽŝŶƚŵĞŶƚ ŝŶ ϭϵϵϴ͕ ƚŚĞ &ŽƵŶĚĂƟŽŶ ŚĂƐ ďĞĐŽŵĞ ƚŚĞ ůĞĂĚĞƌ ŝŶ ĨĂĐŝůŝƚĂƟŶŐ ĐŚĂƌŝƚĂďůĞ ŝŶǀĞƐƚŵĞŶƚƐ ŝŶ ,ĂǁĂŝ͚ŝ͕ ĚŝƐƚƌŝďƵƟŶŐ ŵŽƌĞ ƚŚĂŶ ΨϱϬ ŵŝůůŝŽŶ ĂŶŶƵĂůůLJ ĨŽƌ ƉƌŽŐƌĂŵƐ ĂŶĚ ŝŶŝƟĂƟǀĞƐ͕ ĂŶĚ ŚĂƐ ĞĂƌŶĞĚ ĚŝƐƟŶĐƟŽŶ ĂƐ Ă ƚƌƵƐƚĞĚ ĐŽŵŵƵŶŝƚLJ ƌĞƐŽƵƌĐĞ ĂŶĚ ĐŽŶǀĞŶĞƌ͘ &Žƌ ϭϴ LJĞĂƌƐ͕ dĂŬĞƚĂ ƐĞƌǀĞĚ ŝŶ ǀĂƌŝŽƵƐ ĞdžĞĐƵƟǀĞ ƉŽƐŝƟŽŶƐ Ăƚ dŚĞ EĂƚƵƌĞ ŽŶƐĞƌǀĂŶĐLJ͕ ŝŶĐůƵĚŝŶŐ ĨŽƵŶĚŝŶŐ ĂŶĚ ůĞĂĚŝŶŐ ŝƚƐ ǁŽƌŬ ŝŶ ƚŚĞ ƐŝĂͬWĂĐŝĮĐ ZĞŐŝŽŶ͘ ,Ğ ŚĂƐ ďĞĞŶ ƌĞĐŽŐŶŝnjĞĚ ďLJ dŚĞ EŽŶWƌŽĮƚ dŝŵĞƐ ĂƐ ŽŶĞ ŽĨ ƚŚĞ ͞ϱϬ ŵŽƐƚ ƉŽǁĞƌĨƵů ĂŶĚ ŝŶŇƵĞŶƟĂů ƉĞŽƉůĞ͟ ŝŶ ƚŚĞ ƐĞĐƚŽƌ ƐĞǀĞƌĂů ƟŵĞƐ͘

tŝƚŚŽƵƚ Ă ĚŽƵďƚ͕ ƚŚĞ ŚĂƌĚĞƐƚ ƉĂƌƚ ŽĨ ƚŚĞ ĐŚĂŶŐŝŶŐ ƉĂƌĂĚŝŐŵ ĨŽƌ ĨŽƵŶĚĂƟŽŶƐ ƚŽ ŵĂŬĞ Ă ŵŽƌĞ ƐƵďƐƚĂŶƟĂů ĚŝīĞƌĞŶĐĞ ŝƐ ĐƵůƚƵƌĂů͘ DŽǀŝŶŐ ĨƌŽŵ ĂŶ ĞŶǀŝƌŽŶŵĞŶƚ ǁŚĞƌĞ ƐƚƌĂƚĞŐŝĞƐ ĂŶĚ ŐŽĂůƐ ĂƌĞ ĐƌĞĂƚĞĚ ŝŶƚĞƌŶĂůůLJ ϯϮ | K Z &> d/KE^ KE d, &hdhZ K& &KhE d/KE W,/> Ed,ZKWz

d, Ed Z &KZ && d/s W,/> Ed,ZKWz | ϯϯ