Founded in 1900, the Foundation for Child Development works at the intersection of research, policy, and community to support young children in reaching their full potential.
A Growing Tide: Creating New Channels for Change
At the Foundation for Child Development, we look beyond the limits of perpetuity and spend down, and instead we ask ourselves: how can our resources respond to the need and opportunity of the moment? Our endowment is a tool, and our payout, investments, governance, and fiduciary duty work together to serve our mission.
FCD’s decision to temporarily increase spending grew out of more than a year of board conversations about what it meant to “meet this moment,” which reframed risk around the young children the foundation serves rather than its endowment, and led to a mission-driven spending framework in place of fixed payout formulas.
We’re proud to be featured among the “growing swell” of funders rethinking fiduciary duty, and expanding the possibilities of stewardship:
Read the feature.