The Edna McConnell Clark Foundation’s Bigger and Better Capital Flow Creates Its Own Course

The Edna McConnell Clark Foundation has become distinguished for its exploration of a new form of grantmaking: megagrants designed around nonprofit-directed working capital, funding for rigorous evaluation, and capacity building. And now, as the Foundation faces its own voluntary sunsetting, its legacy appears in the form of a more commonly owned funding vehicle built on the same model.