FOUNDATIONS

In the August 7, 2003 issue of The Chronicle of Philanthropy, Darlene M. Siskka offers a helpful inside glimpse into the world of families with foundations in "Nurturing the Next Generation." Registered Chronicle subscribers can read this article by clicking on Family Foundations in the Giving and Grant Makers section at

http://philanthropy.com/summary/v15/i20.htm.

With wealth, whether inherited or earned, comes enormous responsibility. Many resources now exist to provide the next generation of major donors with the training to make wise philanthropic decisions. The following family foundations are featured in Siska’s article.

CONTENTS:

• Marion I. and Henry J. Knott Foundation
• The Self Family Foundation (SFF)
• Nord Family Foundation (NFF)

MARION I. AND HENRY J. KNOTT FOUNDATION

The Knott Foundation was established in Maryland in 1977 by Marion and Henry Knott, who earned their wealth in construction and real estate development. Areas of interest for the Knott Foundation include the fine arts, Catholic and non-sectarian private schools, and community development and civic affairs. Hospitals and health services, including hospices and programs for the mentally ill, are also funded.

http://www.knottfoundation.org

THE SELF FAMILY FOUNDATION (SFF)

The Self Family Foundation, an independent foundation in Greenwood, South Carolina, was founded in 1942 by the textile manufacturer James C. Self. It currently reports endowment assets of $35 million. SFF giving priorities include health care, K-12 education and early childhood development. Support is also provided for civic and community services, activities for youth and the elderly, and cultural and historical activities. Grants are mainly for programs or special purposes.

http://www.selffoundation.org

NORD FAMILY FOUNDATION (NFF)

Located in Amherst, Ohio, the original Nord Family Trust was established in 1952. It was reorganized in 1988 under its current name. Members of the NFF board place an emphasis on funding projects to assist the disadvantaged and minorities. Funding goes to programs in early childhood care and education, secondary and higher education, social services, health, cultural affairs and civic activities. In 1990, new initiatives included a project to establish a common agenda addressing factors inhibiting social and economic progress in the U.S. and a program to strengthen nonprofit organizations focused on family issues. At the close of the 2002 calendar year, NFF assets totaled$68,056,989.

http://www.nordff.org

Cathy Hampton

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