Subscribe to News
Close Search
 
MEDIA, JOBS & RESOURCES for the COMMON GOOD
News  | 

US Pew Foundation Changes to a Charity


24 November 2003 at 12:11 pm
Staff Reporter
One of America's largest foundations is transforming itself into an independent Not for Profit that it says will give it greater ability to fulfil its core mission supporting America’s civic life and communities.

Staff Reporter | 24 November 2003 at 12:11 pm


0 Comments


 Print
US Pew Foundation Changes to a Charity
24 November 2003 at 12:11 pm

One of America’s largest foundations, The Pew Charitable Trusts (PCT), is transforming itself into an independent Not for Profit that it says will give it greater ability to fulfil its core mission supporting America’s civic life and communities.

Under its new governing structure the Trusts will become one of the nation’s largest independent public charities, with almost $US4 billion in assets and more than $200 million in 2004 revenues, dedicated to serving the public interest.

As a public charity, PCT says it will have expanded opportunities and flexibility to operate programs, raise funds for charitable initiatives, advocate public policy change and better achieve its public service mission.

The Pew Charitable Trusts will continue the philanthropic activities that have been carried out for more than 50 years. PCT will also preserve its close working relationship with, but no longer be a division of, The Glenmede Trust Company (GTC). GTC will remain the sole trustee and provide investment expertise for the seven Pew family trusts that make up The Pew Charitable Trusts.

Rebecca Rimel, President and CEO of The Pew Charitable Trusts says much of its work will remain unchanged in this new structure. But over the longer-term, the new flexibility will open up tremendous opportunities for The Trusts to better serve the public interest.

Specifically, Rimel says that PCT’s new legal status will provide innovative opportunities to engage in new initiatives and operate its own programs.

It will also be able to raise money from other sources–just as universities, think tanks and other Not for Profits do–and partner with other donors to create joint ventures and pooled funds that can magnify the impact of what individual donors could accomplish on their own.

For more information go to www.pewtrusts.com.



PB Careers
Get your biweekly dose of news, opinion and analysis to keep you up to date with what’s happening and why it matters for you, sent every Tuesday and Thursday morning.

Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers? Get in touch at news@probonoaustralia.com.au or download our contributor guidelines.

 Print

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

It’s time to help migrants and refugees bearing the brunt of COVID-19

Ezekiel Simperingham

Thursday, 9th July 2020 at 3:21 pm

Ask Izzy gets government funding boost amid rising service demand

Luke Michael

Wednesday, 8th July 2020 at 5:39 pm

So, what’s the plan, prime minister?

David Ritter

Wednesday, 8th July 2020 at 2:14 pm

Subscribe to News
pba inverse logo
Subscribe Twitter Facebook
×

We need your help.

Since the outbreak of COVID-19, Pro Bono Australia has seen a devastating fall in advertising and less people posting on our job board, which is how we fund our free news service. You can show us that you value the work we do by making a contribution.

 Make a contribution 

You have Successfully Subscribed!