Dear Friends and Colleagues,
For the past 25 years, Polk Bros. Foundation has been asking the question: What do Chicagoans, especially those affected by poverty, need most?
As one of the largest foundations dedicated to supporting Chicago nonprofits, we have structured our philanthropy to support and foster:
Our commitment to addressing these needs is unwavering. Over the past year, we have been talking with many of our nearly 400 grantees to understand what’s been working, what hasn’t been, and how we should adapt our approach. More than 250 nonprofit leaders joined us at listening sessions to share their assessment of current opportunities and challenges. We were grateful for these truly thought-provoking, candid discussions.
In January 2014, we celebrated the Foundation’s 25th anniversary with you. Robert Reich, Barbara Byrd-Bennett, Evelyn Diaz, Alex Kotlowitz, and nearly 300 nonprofit and foundation leaders joined us for an inspiring afternoon and a festive evening. Videos of the speakers and grantee rapid responders, my remarks at the event, and a collaboration with StoryCorps to create an oral history of the Foundation are now all on our website.
The listening sessions and comments at our 25th anniversary event gave us a lot to think about. Today, we are releasing our updated Program Area Guides, which shepherd our annual grant-making of more than $20 million and deepen our commitment to ensuring that all Chicagoans have the opportunity to reach their full potential.
What’s new in the Guides? Here’s a sample:
How are we addressing real costs? For all grants, the Foundation’s Board recently elected to remove the 10% administrative cap on its grants. This means that our grant can be used to cover any expenses related to the program we support. To be clear, our grants will remain program-focused – they are not general operating grants – but we want you to have greater flexibility within your program budget.
We understand that you may have questions about these updates and changes, and we welcome your questions. Please feel free to reach out to your program officers at any point.
I look forward to working with you toward our shared vision for an equitable, thriving Chicago.