100-year-old foundation spends down — moving millions to BIPOC-led non-profits

The catalyst for the Edward W. Hazen Foundation’s decision to spend down was a realization they could achieve more by boosting support for organizations in a critical moment

Why It Matters

Facing overlapping social crises, some grassroots leaders have called on foundations to spend down. But are they actually doing it?

This May, the Brooklyn, N.Y.-based Edward W. Hazen Foundation will celebrate its 100th birthday by going out of existence. 

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