| FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION |
FOR THE SOUTHEAST LOUISIANA REGION, IMPROVING OUR COMMUNITY'S FUTURE THROUGH FUND MANAGEMENT, NONPROFIT EFFECTIVENESS TRAINING, PROGRAMMATIC INITIATIVES, AND BY PROMOTING PHILANTHROPY ITSELF. WITH APPROXIMATELY $450 MILLION IN ASSETS AND A RECENT HISTORY OF GRANTING TO NONPROFITS $25 TO $35 MILLION ANNUALLY, THE FOUNDATION STRIVES TO BE THE LEADER OF STRATEGIC AND IMPACTFUL PHILANTHROPY IN SOUTHEAST LOUISIANA. THE FOUNDATION'S KNOWLEDGEABLE STAFF WORKS CLOSELY WITH DONORS AND HIGH-PERFORMING ORGANIZATIONS THAT SEEK TO CREATE A VIBRANT, SUSTAINABLE, AND JUST GREATER NEW ORLEANS REGION FOR ALL. BY WORKING WITH THE FOUNDATION, GENEROUS INDIVIDUALS ARE GIVEN THE HIGHEST-QUALITY DONOR SERVICES AND FUND MANAGEMENT. BY PARTNERING WITH THE FOUNDATION, ORGANIZATIONS RECEIVE GRANTS AND TRAINING THAT HELP THEM ACHIEVE THEIR MISSIONS WHILE MAINTAINING FINANCIAL STABILITY AND PROGRAMMATIC STRENGTH. IN ITS EXTENSIVE DISASTER RESPONSE AND RECOVERY EFFORTS, PUBLIC EDUCATION INITIATIVES, WORKFORCE DEVELOPMENT PROGRAMMING, ENVIRONMENTAL INITIATIVES, RACIAL EQUITY INITIATIVES, AND NONPROFIT EFFECTIVENESS WORK, THE FOUNDATION SERVES AS A VITAL CIVIC LEADER TO BRING PEOPLE ACROSS SOUTHEAST LOUISIANA TOGETHER TO SOLVE OUR REGION'S MOST PRESSING CHALLENGES. |
| FORM 990, PART III, LINE 1 |
AND BY PROMOTING PHILANTHROPY ITSELF. WITH APPROXIMATELY $450 MILLION IN ASSETS AND A RECENT HISTORY OF GRANTING TO NONPROFITS $25 TO $35 MILLION ANNUALLY, THE FOUNDATION STRIVES TO BE THE LEADER OF STRATEGIC AND IMPACTFUL PHILANTHROPY IN SOUTHEAST LOUISIANA. THE FOUNDATION'S KNOWLEDGEABLE STAFF WORKS CLOSELY WITH DONORS AND HIGH-PERFORMING ORGANIZATIONS THAT SEEK TO CREATE A VIBRANT, SUSTAINABLE, AND JUST GREATER NEW ORLEANS REGION FOR ALL. BY WORKING WITH THE FOUNDATION, GENEROUS INDIVIDUALS ARE GIVEN THE HIGHEST-QUALITY DONOR SERVICES AND FUND MANAGEMENT. BY PARTNERING WITH THE FOUNDATION, ORGANIZATIONS RECEIVE GRANTS AND TRAINING THAT HELP THEM ACHIEVE THEIR MISSIONS WHILE MAINTAINING FINANCIAL STABILITY AND PROGRAMMATIC STRENGTH.IN ITS EXTENSIVE DISASTER RESPONSE AND RECOVERY EFFORTS, PUBLIC EDUCATION INITIATIVES, WORKFORCE DEVELOPMENT PROGRAMMING, ENVIRONMENTAL INITIATIVES, RACIAL EQUITY INITIATIVES, AND NONPROFIT EFFECTIVENESS WORK, THE FOUNDATION SERVES AS A VITAL CIVIC LEADER TO BRING PEOPLE ACROSS SOUTHEAST LOUISIANA TOGETHER TO SOLVE OUR REGION'S MOST PRESSING CHALLENGES. |
| FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS |
FUND MANAGEMENT: BY WORKING WITH A DIVERSE SET OF GENEROUS INDIVIDUALS, THE FOUNDATION HELPS DONORS OF ALL TYPES DO THEIR PART TO SUPPORT CAUSES ABOUT WHICH THEY ARE PASSIONATE. THE FOUNDATION WORKS WITH INDIVIDUALS, SMALL BUSINESSES AND CORPORATIONS, LOCAL AND NATIONAL FOUNDATIONS, AND GOVERNMENT AGENCIES TO IMPROVE OUR REGION. WITH APPROXIMATELY 1,100 FUNDS UNDER MANAGEMENT, FUNDHOLDERS ARE PROVIDED WITH EXPERT GUIDANCE AND CONCIERGE SERVICE - ALL FROM THE FOUNDATION'S PHYSICAL HOME, THE CENTER FOR PHILANTHROPY, IN THE HEART OF DOWNTOWN NEW ORLEANS. ENVIRONMENTAL PROGRAMS: GUIDED BY THE THEORY OF CHANGE FOR THE ENVIRONMENTAL PROGRAM, THE FOUNDATION WORKS TO OVERCOME THE SEVERE EFFECTS OF CLIMATE CHANGE ON THE COAST AND IN OUR CITIES THAT THREATEN THE FUTURE HEALTH AND SUSTAINABILITY OF SOUTHEAST LOUISIANA AND DISPROPORTIONATELY IMPACT BIPOC AND SOCIALLY AND ECONOMICALLY VULNERABLE COMMUNITIES DUE TO SYSTEMIC RACIAL INJUSTICES. TO PROMOTE EQUITABLE CLIMATE ADAPTATION AND MITIGATION, THE FOUNDATION FOCUSES ON SEVERAL PROGRAM AREAS: LIVING BETTER WITH WATER - FOR OVER A DECADE, THE FOUNDATION HAS BEEN A LEADER IN DEVELOPING AND PROMOTING THE REGION'S ABILITY TO IMPLEMENT GREEN STORMWATER INFRASTRUCTURE TO HELP REDUCE NEIGHBORHOOD FLOODING, IMPROVE WATER QUALITY, AND RELIEVE PRESSURE ON THE PUMPS IN OUR DRAINAGE SYSTEMS. SINCE 2010, OVER $4 MILLION IN GRANTS HAVE BEEN AWARDED TO SUPPORT ORGANIZATIONS WORKING TO BUILD THE MOVEMENT TO LIVE BETTER WITH WATER. THRIVING COASTAL COMMUNITIES - THE FOUNDATION FACILITATES SELA VOICE, A COALITION OF COMMUNITY-BASED ORGANIZATIONS IN COASTAL COMMUNITIES AND ENVIRONMENTAL ADVOCATES TO ENSURE STRONG COMMUNITY VOICE IN THE COMPLEX PROCESSES OF COASTAL PROTECTION AND RESTORATION. COMMUNITY-LED CLIMATE SOLUTIONS - THE FOUNDATION CONVENES THE CLIMATE ACTION EQUITY PROJECT ADVISORY GROUP TO WORK WITH THE CITY OF NEW ORLEANS AND DEEP SOUTH CENTER FOR ENVIRONMENTAL JUSTICE ON EQUITABLE IMPLEMENTATION OF THE CITY'S CLIMATE ACTION PLAN. THE FOUNDATION ALSO SUPPORTS THE IMPLEMENTATION OF THE NEW ORLEANS COMPREHENSIVE REFORESTATION PLAN. SUSTAINABLE AND EQUITABLE TRANSPORTATION - THE FOUNDATION SUPPORTS NONPROFITS ACTIVE IN PROMOTING TRANSIT, BIKING, AND WALKING, AND IS CURRENTLY DEVELOPING FURTHER STRATEGIES TO BOLSTER SUSTAINABLE AND EQUITABLE MOBILITY OPTIONS. WORKFORCE PROGRAMS: THE FOUNDATION HAS BEEN AN INFLUENTIAL LEADER AND DRIVER OF POSITIVE CHANGE IN THE WORKFORCE ECOSYSTEM FOR OVER A DECADE, PARTICULARLY THROUGH THE CREATION OF NEW ORLEANS WORKS: HEALTHCARE, WHICH TRAINED AND PLACED OVER 500 INDIVIDUALS INTO ENTRY-LEVEL HEALTHCARE JOBS THAT OFFERED CAREER PATHS AND NAVIGATORS TO HELP THEM WITH NON-WORK ISSUES. IN 2022, THE FOUNDATION BEGAN A TRANSITION TO THE NEXT STAGE OF ITS LEADERSHIP AND INNOVATION IN WORKFORCE THROUGH THE FOLLOWING WORKFORCE PROJECTS: INDUSTRY SECTOR PARTNERSHIPS - INDUSTRY SECTOR PARTNERSHIPS (ISPS) BRING EDUCATION, WORKFORCE DEVELOPMENT, ECONOMIC DEVELOPMENT, AND COMMUNITY ORGANIZATIONS TOGETHER WITH BUSINESS LEADERS, FROM THE SAME INDUSTRY AND IN THE SAME LABOR MARKET, TO ADDRESS THE WORKFORCE AND OTHER COMPETITIVENESS NEEDS OF THAT INDUSTRY. IN PARTNERSHIP WITH AND WITH FUNDING FROM THE CITY'S OFFICE OF WORKFORCE DEVELOPMENT, THE FOUNDATION IS PLANNING AND DEVELOPING TWO INDUSTRY SECTOR PARTNERSHIPS FOR OUR REGION IN HEALTHCARE AND CONSTRUCTION/GREEN INFRASTRUCTURE TO INCREASE OPPORTUNITY AND ECONOMIC ADVANCEMENT FOR BOTH THESE INDUSTRIES AND THEIR TALENT POOLS. WORKFORCE INTERMEDIARY - WORKFORCE INTERMEDIARIES ARE A BEST PRACTICE IN WORKFORCE ACROSS THE COUNTRY AND HAVE BECOME ESSENTIAL TO SUCCESSFUL FEDERAL GRANT APPLICATIONS. THE FOUNDATION IS IN THE EARLY STAGES OF RESEARCH AND DEVELOPMENT AND IS WORKING WITH PARTNERS ON THE DEVELOPMENT OF AN INDEPENDENT, REGIONAL WORKFORCE INTERMEDIARY TO NOT ONLY HELP PROVIDE STRATEGIC COHERENCE FOR REGIONAL WORKFORCE EFFORTS BUT TO INCREASE ECONOMIC VITALITY AND ULTIMATELY GROW THE MIDDLE CLASS IN OUR REGION. NONPROFIT LEADERSHIP & EFFECTIVENESS (NLE): THE FOUNDATION WORKS AT ALL LEVELS OF THE NONPROFIT ECOSYSTEM IN SUPPORT OF A RESPONSIVE, EQUITABLE, SUSTAINABLE, AND IMPACTFUL NONPROFIT SECTOR WHERE BOTH ORGANIZATIONS AND THEIR LEADERS ARE REACHING THEIR FULL POTENTIAL. SINCE NLE'S INCEPTION 10 YEARS AGO, THE FOUNDATION HAS BECOME THE GO-TO-SOURCE FOR NONPROFIT TRAINING, CAPACITY BUILDING, AND LEADERSHIP DEVELOPMENT IN THE GREATER NEW ORLEANS REGION. NLE HAS SERVED MORE THAN 1,000 NONPROFITS FROM ACROSS THE REGION AND HAS A STRONG TRACK RECORD FOR DELIVERING HIGH IMPACT TRAINING AND LEADERSHIP PROGRAMS ROOTED IN PEER-LEARNING, RACIAL EQUITY AND INCLUSION, AND LEADING-EDGE PRACTICES. NLE STAFF ARE ORGANIZATIONAL DEVELOPMENT EXPERTS AND WORK CLOSELY WITH NONPROFIT LEADERS, INCLUDING STAFF AND BOARD MEMBERS, TO GUIDE THEM TO RESOURCES, PROVIDE THOUGHT-PARTNERSHIP, AND PROBLEM-SOLVE. IN ADDITION, NLE'S BOARD GOVERNANCE SERIES HAS TRAINED MORE THAN 100 NONPROFITS ON LEADING GOVERNANCE PRACTICES AIMED AT CREATING MORE ENGAGED, IMPACTFUL, AND EQUITABLE BOARDS. SINCE THE INCEPTION OF THE MISSION ACCELERATOR GRANTS PROGRAM IN 2019, THE FOUNDATION HAS AWARDED MORE THAN $600,000 IN GRANTS TO MORE THAN 30 NONPROFITS. THESE GRANTS INCLUDE FUNDING AS WELL AS SUPPORT SERVICES DELIVERED BY THE NLE TEAM FOR PROJECTS RANGING FROM RESTRUCTURING TO GOVERNANCE. DISASTER RESPONSE AND RESTORATION: THE FOUNDATION'S DISASTER RESPONSE FRAMEWORK AND STRATEGY GROUNDS DISASTER GRANTMAKING DECISIONS IN EQUITY, RESILIENCE, SUSTAINABILITY, AND CIVIC PARTICIPATION. THE DISASTER RESPONSE AND RESTORATION FUND STRATEGY CALLS FOR RESERVING UP TO 40% OF FUNDS RAISED FOR LONG-TERM INVESTMENT. AS PART OF THIS LONG-TERM DISASTER STRATEGY, THE FOUNDATION LAUNCHED THE NEXT 100 YEARS CHALLENGE BY INVITING COLLABORATIVE TEAMS TO SUBMIT GAME-CHANGING SOLUTIONS THAT BUILD STRONGER, MORE EQUITABLE COMMUNITIES IN SOUTHEAST LOUISIANA THROUGH PHYSICAL INFRASTRUCTURE AND HAZARD MITIGATION PROJECTS. THE CHALLENGE AIMS TO PROVIDE TEN $100,000 AWARDS (FOR A TOTAL OF $1 MILLION) TO FURTHER DEVELOP AND REFINE PROMISING COMMUNITY-CENTERED PROJECTS. GREATER TOGETHER FUND FOR RACIAL EQUITY: THE FOUNDATION HAS COMMITTED TO ADDRESSING RACIAL EQUITY AND JUSTICE BY ESTABLISHING THE GREATER TOGETHER FUND FOR RACIAL EQUITY. THROUGH THIS FUND, THE FOUNDATION INTENDS TO MAKE LARGE, SUSTAINED INVESTMENTS IN A SMALL NUMBER OF NONPROFITS WHOSE WORK HAS SCALABLE LOCAL, REGIONAL, AND EVEN STATEWIDE IMPACT. THE OVERARCHING GOALS OF THE FUND ARE TO BOLSTER THE WORK OF BLACK-LED NONPROFITS LEADING ON RACIAL EQUITY, CLOSE THE RACIAL WEALTH GAP BY INVESTING IN INITIATIVES TO HELP SMALL, MINORITY BUSINESSES GROW, AND INVEST IN HOUSING AND OTHER STRATEGIES THAT CAN BUILD WEALTH FOR BLACK FAMILIES. TO DATE, THE FUND HAS DISTRIBUTED $2.45 MILLION AS PART OF THE FOUNDATION'S COMMITMENT TO DISTRIBUTE $3 MILLION FOR OVER A THREE-YEAR PERIOD. LGBTQ FUND: THE FOUNDATION CREATED LOUISIANA'S FIRST DEDICATED SOURCE OF FOUNDATION FUNDING FOR LGBTQ-LED AND SERVING ORGANIZATIONS TO SUPPORT EQUALITY, FAIRNESS, ACCEPTANCE, AND MUTUAL RESPECT FOR ALL. SINCE ITS FIRST ROUND OF GRANTMAKING IN 2016, THE LGBTQ FUND HAS GRANTED $552,000 TO NEW ORLEANS AREA ORGANIZATIONS WORKING TO IMPROVE THE QUALITY OF LIFE AND ADVOCATE ON BEHALF OF LGBTQ PEOPLE IN OUR REGION. |
| FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS |
PROMOTION OF PHILANTHROPY: GIVE NOLA DAY - THE FOUNDATION PROMOTES PHILANTHROPY THROUGH ITS HIGHLY SUCCESSFUL GIVENOLA DAY, A ONE-DAY 24 HOUR ONLINE GIVING EVENT THAT, SINCE 2014, HAS RAISED OVER $48 MILLION IN SUPPORT OF OVER 1,800 NONPROFIT ORGANIZATIONS THROUGHOUT THE FOUNDATION'S 13-PARISH SERVICE REGION. WITH A MINIMUM DONATION LEVEL OF $10, GIVENOLA DAY DEMONSTRATES THE FOUNDATION'S BELIEF THAT EVERYONE CAN BE A PHILANTHROPIST. THE FOUNDATION RECEIVES NO FEES FROM EITHER DONORS OR PARTICIPATING NONPROFITS AS A RESULT OF GIVENOLA DAY. NOT INCLUDING GNOF STAFF TIME, THE DIRECT COSTS TO PRODUCE, PROMOTE, AND PROVIDE PRIZES AND AWARDS TO NONPROFITS PARTICIPATING IN GIVENOLA DAY ACTIVITIES EXCEEDED $300,000 IN 2022. THESE COSTS WERE UNDERWRITTEN BY GENEROUS SPONSOR CONTRIBUTIONS AND INDIVIDUAL DONOR DIRECTED GIFTS. 1923 LEGACY SOCIETY - THE 1923 LEGACY SOCIETY CELEBRATES THOSE INDIVIDUALS WHO HAVE REMEMBERED THE GREATER NEW ORLEANS FOUNDATION WITH A PLANNED GIFT. THE FOUNDATION'S TEAM OF EXPERTS IN GIFT PLANNING WORK CLOSELY WITH PROFESSIONAL ADVISORS TO INCLUDE CPAS, INVESTMENT ADVISORS, AND ESTATE ATTORNEYS TO BUILD TAX-SAVVY GIFT PLANS THAT ARE UNIQUE TO THE DONOR, SERVE THEIR HIGHEST PHILANTHROPIC GOALS, AND ENABLE INDIVIDUALS AND FAMILIES TO SECURE THEIR DREAMS OF ESTABLISHING A PHILANTRHOPIC LEGACY THAT WILL BENEFIT THE GREATER NEW ORLEANS REGION FOR GENERATIONS TO COME. GIVING CIRCLES - THE FOUNDATION ALSO PROMOTES AND SUPPORTS MULTIPLE GIVING CIRCLES AND CLUBS SUCH AS IMPACT 100, AN ORGANIZATION COMPRISED OF PHILANTHROPIC-MINDED WOMEN, AND EMERGING PHILANTHROPISTS OF NEW ORLEANS. THE FOUNDATION SUPPORTS THESE ORGANIZATIONS BY ASSISTING WITH THEIR RECRUITMENT OF DIVERSE INDIVIDUALS THAT COME TOGETHER TO MAKE A LASTING DIFFERENCE IN OUR COMMUNITY. THROUGH GIVING CIRCLES, THE FOUNDATION IS ENSURING THAT SIZABLE, TRANSFORMATIVE GRANTS ARE MADE TO ORGANIZATIONS THAT ARE PERFORMING OUTSTANDING WORK, WHILE CELEBRATING THE UNIQUE PASSION AND PHILANTHROPIC GOALS OF THE FOUNDATION AND THE GIVING CIRCLE MEMBERSHIP. TO DATE, THE IMPACT 100 GIVING CIRCLE HAS DISTRIBUTED OVER $1.3 MILLION TO 41 NONPROFITS. |
| FORM 990, PART VI, SECTION B, LINE 11B |
UPON COMPLETION OF A FINAL DRAFT OF FORM 990, A COPY OF THE DRAFT IS SENT TO MEMBERS OF THE AUDIT COMMITTEE. THE COMMITTEE IS THEN CONVENED WITH THE REPRESENTATIVES OF THE FOUNDATION'S OUTSIDE CPA FIRM TO DISCUSS THE FORM AND TO REVIEW THE PUBLIC SUPPORT TEST. AFTER ACCEPTANCE BY THE COMMITTEE, THE FORM IS SENT TO ALL MEMBERS OF THE BOARD BEFORE BEING FILED WITH THE APPLICABLE AGENCIES. |
| FORM 990, PART VI, SECTION B, LINE 12C |
THE FOUNDATION ANNUALLY REQUIRES ALL EMPLOYEES AND TRUSTEES TO DISCLOSE ANY POTENTIAL PERSONAL OR BUSINESS ASSOCIATIONS WHICH COULD BE PERCEIVED AS A CONFLICT OF INTEREST. THROUGHOUT THE YEAR TRUSTEES ARE REMINDED TO DISCLOSE ANY NEW RELATIONSHIPS WHERE A CONFLICT OF INTEREST MAY BE PRESENT. NEW TRUSTEES AND NEW EMPLOYEES ARE ALSO REQUIRED TO ATTEND AN ORIENTATION WHERE THIS SPECIFIC TOPIC IS DISCUSSED. |
| FORM 990, PART VI, SECTION B, LINE 15 |
THE EXECUTIVE COMMITTEE OF THE BOARD OF THE GREATER NEW ORLEANS FOUNDATION MEETS ANNUALLY TO REVIEW THE COMPENSATION OF THE PRESIDENT AND CEO AS WELL AS SENIOR MANAGEMENT OF THE FOUNDATION. THE REVIEW CONISTS OF COMPARISONS TO OTHER NON PROFITS IN THE AREA, REVIEW OF ANNUAL COMPENSATION SURVEYS, AND A REVIEW OF OVERALL MARKETS TRENDS IN THE INDUSTRY. THIS INFORMATION IS CONTEMPORANEOUSLY DOCUMENTED IN THE WRITTEN MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE FOUNDATION'S DETERMINATION LETTER AND FORMS 990 ARE AVAILABLE ON ITS WEBSITE. THESE DOCUMENTS, AS WELL AS VARIOUS POLICIES, ARE ALSO MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. THE FOUNDATION NOTIFIES THE PUBLIC OF THIS OPTION IN VARIOUS MAILING AND PUBLICATIONS THROUGHOUT THE YEAR. |
| FORM 990, PART XI, LINE 9: |
CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -1,365,387. BOOK/TAX DIFFERENCE OF INVESTMENT INCOME |
| FORM 990, PART XII, LINE 2C |
THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
Attach to Form 990 or 990-EZ.