This report tells an important story of the positive role philanthropy can play in developing new communities and affordable housing. The effort of reshaping post-Katrina New Orleans was part of what Casey calls “responsible redevelopment,” the activities and support services required to make the rebuilding process successful for low-income families and their kids through economic development and community action. The paper distills insights from the Foundation’s experience that may be useful to philanthropies and their partners in other places.
Raising money for a pooled fund is time consuming and requires expertise with the funding topic and the target audience. Yet the process of shopping around a pooled fund or collaborative concept can be valuable in its own right, even if most do not participate. Shared interest around a topic or community is a necessary but insufficient reason for participating in a pooled fund. A pooled fund provides an opportunity for individuals and family foundations to learn and grow as donors. Someone with passion, organizational skills, and persistence needs to drive the process forward or it will likely fall by Read more