Creating More Impact with Giving

Source: Canadian Capital, November 22, 2011

Excerpt: "Increasingly, foundations seek to leverage the impact of their grants by partnering with other philanthropic organizations that share their interests. So when the Jimmy Pratt Foundation in St. John’s, N.L., launched in September, it teamed up with its more established New Brunswick neighbour, the Margaret and Wallace McCain Foundation, to fund its first beneficiary. Together, they each made a grant of $150,000, to be spent over three years, to the Faculty of Education at Memorial University of Newfoundland for early childhood research.

...Although the Pratt foundation’s focus is to be on projects in Newfoundland, Pratt LeGrow recognized that “by pooling resources, you can broaden your scope from coast to coast.” So the Pratt foundation joined with other grant-makers, including the McCain foundation, to support a recent study by Dr. Fraser Mustard and the Council for Early Child Development on the status of early learning and childcare across Canada."

Link: http://www.capitalmagazine.ca/provide/philanthropy-and-foundations/philanthropic-partners-6746

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