logo
    • Magazine
    • Membership
    • Donate
  • Racial Justice
  • Economic Justice
    • Collections
  • Climate Justice
  • Health Justice
  • Leadership
  • CONTENT TYPES
  • Subscribe
  • Webinars
    • Upcoming Webinars
    • Complimentary Webinars
    • Premium On-Demand Webinars
  • Membership
  • Submissions

Money Today Combines with Money Tomorrow in Chicago Merger

Ruth McCambridge
September 7, 2012
Share
Tweet
Share
Email
Print

September 6, 2012; Source: Chicago Tribune

The Eleanor Foundation (EF), which is more than 110 years old, has announced its intentions to transfer its assets to the Chicago Foundation for Women (CFW). The Eleanor Foundation is actually the one with the larger bank account (with 2011 assets of $8.5 million compared to CFW’s $6.5 million in June 2011) but the Eleanor Foundation, which has been giving at very high levels relative to its asset base, has far less fundraising power, coming in at $181,000 last year as compared to CFW’s $1.7 million. This would likely result in its spending out, but it sees need among poor women extending beyond when the last dollar at this rate might be spent. The two organizations have overlapping missions.

Sign up for our free newsletters

Subscribe to NPQ's newsletters to have our top stories delivered directly to your inbox.

By signing up, you agree to our privacy policy and terms of use, and to receive messages from NPQ and our partners.

NPQ readers may remember that Jane Addams’ Hull House recently closed. Addams and Ina Law Robertson, who founded the Eleanor Foundation, were contemporaries, but EF focused on single women—providing cheap, dormitory-style housing and a host of other services. In 2001, it closed its last residence and focused on grantmaking. “In many ways,” writes the Chicago Tribune columnist Melissa Harris, “its board has overseen a thoughtful and strategic denouement that stands in contrast to the demise of the Jane Addams’ Hull House Association, which abruptly announced it was closing in January, leaving its employees and those who depended on them in limbo.”

As a condition of the relationship, Chicago Foundation for Women must spend $1 million per year for the next three years on “Eleanor Network” economic security grants. –Ruth McCambridge

Share
Tweet
Share
Email
Print
ABOUT THE AUTHOR
Ruth McCambridge

Ruth is Editor Emerita of the Nonprofit Quarterly. Her background includes forty-five years of experience in nonprofits, primarily in organizations that mix grassroots community work with policy change. Beginning in the mid-1980s, Ruth spent a decade at the Boston Foundation, developing and implementing capacity building programs and advocating for grantmaking attention to constituent involvement.

More about: FoundationsManagement and LeadershipMergersNonprofit NewsStrategic Alliances

Become a member

Support independent journalism and knowledge creation for civil society. Become a member of Nonprofit Quarterly.

Members receive unlimited access to our archived and upcoming digital content. NPQ is the leading journal in the nonprofit sector written by social change experts. Gain access to our exclusive library of online courses led by thought leaders and educators providing contextualized information to help nonprofit practitioners make sense of changing conditions and improve infra-structure in their organizations.

Join Today
logo logo logo logo logo
See comments

NPQ_Winter_2022Subscribe Today
You might also like
Hierarchy and Justice
Cyndi Suarez
Salvadoran Foreign Agent Law Threatens Human Rights Movements
Devon Kearney
Charitable Tax Reform: Why Half Measures Won’t Curb Plutocracy
Alan Davis
Healing-Centered Leadership: A Path to Transformation
Shawn A. Ginwright
Into the Fire: Lessons from Movement Conflicts
Ingrid Benedict, Weyam Ghadbian and Jovida Ross
How Nonprofits Can Truly Advance Change
Hildy Gottlieb

Popular Webinars

Remaking the Economy

Black Food Sovereignty, Community Stories

Register Now

Combating Disinformation and Misinformation in 21st-Century Social Movements

Register Now

Remaking the Economy

Closing the Racial Wealth Gap

Register Now
You might also like
Hierarchy and Justice
Cyndi Suarez
Salvadoran Foreign Agent Law Threatens Human Rights...
Devon Kearney
Charitable Tax Reform: Why Half Measures Won’t Curb...
Alan Davis

Like what you see?

Subscribe to the NPQ newsletter to have our top stories delivered directly to your inbox.

See our newsletters

By signing up, you agree to our privacy policy and terms of use, and to receive messages from NPQ and our partners.

Independent & in your mailbox.

Subscribe today and get a full year of NPQ for just $59.

subscribe
  • About
  • Contact
  • Advertise
  • Copyright
  • Careers

We are using cookies to give you the best experience on our website.

 

Non Profit News | Nonprofit Quarterly
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.