Series - Editorial Fellowship: Transforming Funding Models

Ivey Foundation to ‘spend down’ $100M endowment focusing on economy-based climate solutions. Decision offers big opportunity, but also risk of 'drowning out' other approaches.

Author Gabe Oatley
Assuming the foundation distributes roughly an equal share of their $100 million endowment each year, they’ll be the largest private philanthropic funder of climate initiatives in Canada for the next five years, according to Devika Shah, executive director of Environment Funders Canada.

Why It Matters

The climate crisis is urgent and the Canadian philanthropic ecosystem has billions in capital that can help. Choosing to spend down offers the Ivey foundation the chance to dramatically accelerate the environmental sector’s work to ensure a liveable future. It also gives the foundation the power to pick winners within the environmental movement, shaping what narratives are dominant and whose voices are heard loudest.

var TRINITY_TTS_WP_CONFIG = {"cleanText":"Ivey Foundation to \u2018spend down\u2019 $100M endowment focusing on economy-based climate solutions. Decision offers big opportunity, but also risk of \u2018drowning out\u2019 other approaches.. This journalism \u200b\u200bis made possible by the Future of Good editorial fellowship covering the social impact world\u2019s rapidly changing funding models, supported by Future of Good, Community Foundations of Canada, and United Way Centraide Canada.\u00a0See our editorial ethics and standards here. On Tuesday, the Ivey Foundation went all-in for the climate.\u00a0 In an open letter, the foundation\u2019s president and board chair announced the country\u2019s sixth-oldest foundation will spend down its $100 million endowment within the next five years. In keepin

Future of Good journalism and events produce insightful analysis and knowledge you need to work and grow.

Read this article with a free account or explore membership options for unlimited access.