Nonprofit Chronicles

Journalism about foundations, nonprofits and their impact

In the world of philanthropy, the divestment movement is known as Divest-Invest. “Divest” has gotten most of the attention. “Invest” will make more of a difference. Divesting ownership of fossil fuel companies won’t have much direct effect on the fossil fuel industry, as I’ve written, in part because most of the world’s reserves are held by state-owned …

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The F.B. Heron Foundation is not your typical foundation. For starters, there is (or was) evidently no F.B. Heron. An anonymous benefactor, which is something of a rarity in the ego-driven world of philanthropy, started the foundation in 1992 with a $150* million donation.  When I got Clara Miller, the foundation’s president, on the phone, …

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