The Beldon Fund:
Final Impact Assessment
- Introduction
- Assessment Approach
- Beldon's Legacy
- Beldon's Challenges
- Beldon's Lessons
- Conclusion
- Interview List
Plan for the contingency of surplus funds after the foundation closes.
Planning a spend out requires thoughtful consideration of many contingencies, particularly financial obligations that may arise after grantmaking ceases. As Beldon was closing its doors, it developed a plan to ensure that any surplus funds would be used to further its goals through a final grant to the Tides Foundation. For example, the commitment to conduct this final impact assessment was included as part of that planning. When all of the dust settled, a few years after Beldon closed, the remaining funds were somewhat larger than anticipated. Beldon’s grant agreement letter with Tides included a plan for disbursing these funds through two environmental and civic engagement collaborative funds managed by Tides. This ensured that no money was inadvertently left on the table.