The US-based Association of Small Foundations is changing its name to Exponent Philanthropy, with the strapline ‘to the power of small’. While remaining a membership association at the centre of the largest segment of philanthropy ‒ foundations that work with few or no staff ‒ Exponent Philanthropy is expanding its reach to empower the growing cross-section of philanthropists, including foundations, high-net-worth individuals, donor-advised fund holders, giving circles and others, who are choosing to give big while keeping operations lean, regardless of the giving vehicle.
Exponent has two meanings. In mathematics, an exponent multiplies the value of a number. An exponent can also be a proponent of something. Exponent Philanthropy embodies both definitions. Its resources, programmes and network enhance the effectiveness of its members’ philanthropy exponentially. Exponent Philanthropy also serves as a champion for its members and for the collective impact of their giving.
‘After a two-year strategic planning initiative, including focus groups, stakeholder interviews and an in-depth member survey, it has become clear that our vibrant organization has an opportunity to evolve and support all philanthropists who choose to give with few or no staff—not just those using a foundation as their primary giving vehicle,’ says Henry Berman CEO, Exponent Philanthropy.
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