January 1, 2020
The Philanthropy News Digest echoes the Star Tribune reporting on the sunset of The Robina Foundation and the distribution of the remainder of its assets to the four designees. The Robina Foundation will disburse its final $5 million in early 2020 and then work toward its dissolution next December, as founder James H. Binger envisioned.
January 17, 2020
The New York Times explores how families create foundations typically to establish a long-term philanthropic legacy, but a new study shows some want to see the immediate impact of their giving. Click here for an excerpt of the Global Trends and Strategic Time Horizons in Family Philanthropy 2020 report mentioned in the article (PDF) or Click here for the section of the report focusing on Robina.
Star Tribune | After giving out nearly $165 million, a Minneapolis foundation is almost broke and ready to close — on purpose
December 28, 2019
The Star Tribune summarizes the work and mission of the Robina Foundation and details the long-term impacts on the four grant recipients: Abbott Northwestern Hospital in Minneapolis and its parent nonprofit Allina Health, the University of Minnesota Law School, Yale University in New Haven, Conn., and the Council on Foreign Relations in New York and Washington DC.
Star Tribune | Twin Cities-based Robina Foundation aims to spend all its money — quickly — to make change
February 2, 2018
The Star Tribune highlights the mission of the limited-life Robina Foundation to spend all $165 million of it on innovative, new programs that promote human rights, nurture a creative spark in writers and artists, and revolutionize health care for people with chronic illness.
The limited life approach in philanthropy has received increased attention in recent years. But across foundations, perpetuity is often still seen to be the default, and there is considerable uncertainty about the practice of spending down.
To learn more about limited life foundations’ decisions to spend down — and the ways in which they grapple with several important issues along their journey to pursuing their goals in a finite period of time — CEP conducted in-depth interviews with leaders of 11 limited life foundations.