Leading By Example: Best Practices in Charitable Giving

Boston, Massachusetts
Thursday, October 20, 2016

7:45 – 8:30

Breakfast and Registration

8:30 – 8:45

Welcome and Introductory Remarks           
Paul Grogan, President and CEO, The Boston Foundation

8:45 – 9:45

The Role of Donor Advised Funds, Private Foundations and Endowments in Philanthropy: A Debate
Ray Madoff, Professor, Boston college
Charles Glassenberg, Vice President, Gift Planning and Investment Partnerships, 
     COMBINED Jewish Philanthropies
Martin Hall, Partner, Ropes & Gray, LLP

Who benefits the most when public policy allows tax deductions for charitable gifts to vehicles such as donor advised funds, foundations and endowments that are permitted to hold assets in perpetuity?  Is it the intended charitable recipient, the donor or the institutions sponsoring and managing charitable vehicles? Law professor Ray Madoff, a leading expert in the areas of philanthropy policy, taxes, property and estate planning, will debate this topic with Charles Glassenberg, an expert in donor advised funds, planned giving and endowments.  Moderator, Martin Hall, has extensive experience in sophisticated wealth transfer strategies and charitable giving.

9:45 – 10:45

Beyond the Classroom: Unlocking Student Potential
Mary Walsh, Professor, Boston college, City Connects
Gaby King, Executive Director, Uaspire
Eric Esteves, Social Innovation Fund Director, Success Boston
Rebekah Salawasser, Executive Director, Scholar Athletes
Yully Cha, Executive Director, Bridge Boston Charter School
Elizabeth Pauley, Senior Director, Education to Career, The Boston Foundation

Student success depends on strong academic and nonacademic supports.  Helping to remove obstacles, motivate, and inspire students as they move through school and ultimately transition into postsecondary programs requires partnership between in-school and out-of-school programming.  This panel will discuss a diverse set of organizations’ approaches to building student academic and nonacademic skills that will help them to succeed in school, college, and life.

10:45 – 11:00


11:00 – Noon

Morning Breakout Sessions

Session I

Gifts of Complex Assets and Complex Gifting Strategies
Ryan Boland, Vice President, Complex Asset Group, Fidelity Charitable
Hugh Woodside, Managing Director, Empire Valuation Consultants
Melvin Warshaw, General Counsel, Financial Architects Partners
William Speciale, Partner, Daintree Advisors

Individuals wishing to make large charitable gifts are not always in the position of simply writing out a check, and tax rules may make it inefficient to do so.  Gifts of property can pose complex tax and valuation issues, however, for both the donor and the charity.  The panel will explore the complexities associated with gifts of assets such as carried interests and closely-held stock.  It will also address charitable planning techniques surrounding the IRC 457A requirement that hedge fund managers repatriate offshore deferred compensation by December 31, 2017, and will discuss the use of private placement variable annuities as a long-term charitable strategy for active investors and hedge fund managers.

Session II

The Future of Philanthropy and Social Change
Mary Cronin, Professor, Boston College
Matt Segneri, Director, Social Enterprise Initiative, Harvard Business School
David Shrier, New Ventures Officer, MIT Sloan School of Management
Christine Kendall, Founding Partner, Smarter Give

What is the future of philanthropy, innovation, and social change? Thought leaders in academia, business, technology, finance, government and philanthropy are joining together to develop innovative ideas for addressing pressing global concerns. Increasingly there is a focus on enterprise, innovation and market-based solutions to social issues.  Conversations around these topics today will set the direction of the field for the future.  Learn what three of the world’s most prominent educational institutions are doing to lead the next generation of social entrepreneurs, wealth owners, managers, visionaries, and impact investors in effectuating change.

Session III

The Challenges and Rewards of Multi-Generational Family Foundations
Lynne Doblin, Executive Director, Richard and Susan SMITH Family Foundation
Jean Whitney, Philanthropic Advisor, Ropes & Gray LLP
Debbie Bing, President and Principal, CFAR
Jason Born, Senior Program Director, National Center for Family 

Studies show that grant making strategies, governance structure and practices, donor involvement and attitudes about perpetuity change as foundations grow in assets and as younger generations become more involved in the family foundation.  These changes can present challenges to the old order, but may also provide new enthusiasm and rigor to the work of the foundation.  The panel will address these issues and the critical intersections among values, strategy and governance.

Noon – 1:15

Lunch and Keynote Speaker
Greg A. Shell, Managing Director, Bain Capital Double Impact Fund

1:15 – 1:30


1:30 – 2:30

Afternoon Breakout Session I

Session I

How I Learned to Stop Worrying and Love Serving on a Charitable Board
Miki Akimoto, Senior Vice President, Grantmaking Practice Director, U.S. Trust
Nancy Gardiner, Partner, Director of Family Office and Philanthropy Services, 
     Hemenway & Barnes LLP
Bill Walczak, President and CEO, South End Community Health Center
Stephen Chan, Vice President of Strategy and Operations, The Boston 

Nonprofit board membership is an honor, but it is also work, as those who undertake the responsibility soon learn.  The work is challenging, but also exhilarating and rewarding.  Board members must oversee a complicated array of personnel issues, undertake fiduciary and financial stewardship, recruit top-notch executive directors, support fundraising efforts and understand the complex environment in which their particular nonprofit operates.  A board that works together helps advance the organization’s progress and a board that struggles can undermine forward momentum.  Join a panel of experienced nonprofit board members and nonprofit CEOs as they help you understand how to navigate these tricky waters and get the most of the experience and opportunity, even joy, of serving on a nonprofit board.

Session II

The Current State of Impact Investing
Alice DonnaSelva, Consultant, PRIME BUCHHOLZ
Stacey Ganina, Vice President, Global Impact Investing, BLACKROCK
Karina Funk, Head of Sustainable Investing Strategies, BROWN ADVISORY
Michelle Knight, Chief Investment Officer and Chief Economist, Ropes Wealth 
     Advisors LLC

“Impact investing” has started to become trendy: from Davos to the G8 to CGI — everywhere we hear poetic waxings about how impact investing is able to effect positive social change, while still generating a return on capital.  Indeed, if done right, impact and sustainable investing can prove to be a long-term solution to some of our more intractable development challenges - like housing finance, affordable education, health, clean energy and financial services - that can impact millions of lives for the better, while lessening the load on taxpayers.  No wonder it is such a hot topic!  This panel discussion will address current trends in both impact and sustainable investing, what we have learned from early adopters, discuss the reality that this type of investing is not a silver bullet, and consider what is needed to truly optimize its use as a tool in our problem solving toolbox.

Session III

The Shifting Landscape of The Third Sector: Adapting to NextGen Behavior
Meredith (Max) Hodges, Executive Director, Boston Ballet
Barry Shrage, President, Combined Jewish Philanthropies
Susan Curtin, Managing Director, Kenrose Kitchen Table Foundation
Scott Kaplowitch, Partner, Edelstein & Company LLP

The emerging generation of community leaders and donors is changing the face of social impact and philanthropy.  They support people and causes, not institutions.  They’re outcome oriented and data obsessed.  They value time as much as money.  They’re “digital natives”, fluent in technology.  If you’re a Third Sector organization and can win them over, they’ll be your champion, immerse themselves in the cause, and spread the word through peer-to-peer social networks.  Our panel will address the impact these emerging leaders are having on the evolution of social impact and philanthropy, and share how two prominent local nonprofits have successfully adapted.

2:30 – 2:45


2:45 – 3:45

Afternoon Breakout Session II

Session I

Structuring Your Social Venture for Impact: Emerging Legal Structures
Kyle Westaway, Founding Partner, Westaway Law

Social entrepreneurs believe a business can be a part of the solution to some of the world’s greatest challenges.  Until recently, they would find themselves in the positon of choosing whether to organize either as a for-profit company or a nonprofit organization.  There are now legal structures designed for entrepreneurs who are driven as much by mission as money, including Benefit Corporations, B Corps and L3Cs.  Our speaker will discuss the technical aspects of these vehicles and the situations in which their use would be appropriate.

Session II

Measuring Program Impact: Data for What? Who Decides What Gets Measured?
Ashley Winning, Research Scientist and Vice President of Research and Evaluation, 
Jesús Gerena, Managing Partner, Family Independence Initiative
Marjorie Ringrose, Consultant
Cynthia Gibson, Founder and Principal, Cynthesis Consulting

There is a natural tension in the expectations of funders and nonprofits around gathering and reporting program impact data that is relevant to their needs.  Funders may need certain data to satisfy their boards, their assumptions about the issue and their definitions of success.  Nonprofits may need other data to gauge progress, manage performance and refine program plans. How do program constituents benefit from data collection? How can data collection and analysis be more efficient and effective, satisfying all stakeholders? The panel will offer insights and share experiences highlighting best practices in this challenging area.

Session III

The Idea to Impact Gap: Creative Solutions for Funding Science-Based Startups
Susan Galli, Partner, Ropes & Gray LLP
Mark Chandler, Managing Director, Upstream Partners
Sarah Kearney, Founder and Executive Director, Prime Coalition
Daniel Goldman, Co-Founder & Managing Director, Clean Energy Venture Group

Traditional venture capital firms have shifted their focus away from certain types of science-based companies in the earliest stages of formation, especially as they seek investment opportunities with lower capital requirements and shorter product development timelines. The result is a growing “Idea to Impact Gap” for early-stage businesses that hold promise for social impact at scale. The path from scientific discovery to viable commercial product has become a “Valley of Death” for certain types of life sciences and energy startups. Philanthropic investors — private, corporate or community foundations, donor advised funds, and family offices — are now stepping in to fill this capital gap for both financial reward and outsized social impact.

3:45 – 4:00


   4:00 – 5:00

Mobilizing for Impact: How the Legal, Charitable, Public and Private Sectors Joined Forces in the Fight Against Sex Trafficking
John Montgomery, Of Counsel, Ropes & Gray LLP
Audrey Morrissey, Associate Director, My Life, My Choice
Ziba Cranmer, Executive Director, Demand Abolition
Phillip Martin, Senior Investigative Reporter, WGBH

Boston has become a leader in the fight against sex trafficking by mobilizing a coalition of advocates in the legal, charitable, public and private sectors.  The community’s efforts have become a model for other cities and for other equally worthy social causes.  This session will introduce you to several of these leading advocates who will discuss their work and the innovative strategies and tools they have sponsored in the battle against commercial sexual exploitation.

5:00 – 5:15

Closing Remarks
Tiziana Dearing, Professor, Boston College

5:15 – 6:00

Cocktail Reception



Contact Information

Payment Instructions

  • Registration Fee

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    The Boston Foundation
    75 Arlington Street, 10th Floor
    Boston, MA 02116
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