Harvest Time for The Atlantic Philanthropies - 2011-2012: Focus, Exit, and Legacy

According to many Atlantic Philanthropies staff members, 2011 and 2012 were not only the most consequential but also the most difficult years in the foundation's history, a report from the foundation finds. Harvest Time for The Atlantic Philanthropies - 2011-2012: Focus, Exit, and Legacy (68 pages, PDF), the third in a series of reports about the foundation's spend-down process, describes how a leadership transition at the foundation in 2011 led to a number of changes in priorities and a delay in planning. Eventually, the strategic planning process implemented by new CEO Christopher G. Oechsli focused on paring back the foundation's grants portfolio, winding down programs that had achieved their goals or were unlikely to make much additional progress before the foundation closed its doors in 2020, and developing preliminary budgets for the foundation's remaining programs and initiatives. The report also highlights the $350 million grant from the foundation to its founder Chuck Feeney's alma mater, Cornell University, to establish, in partnership with the Technion - Israel Institute of Technology, a new high-tech campus on Roosevelt Island in New York City.