| 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. NONPROFIT EFFECTIVENESS: TRAINING NONPROFIT LEADERS TO BE EFFECTIVE, SAVVY, AND RESPONSIBLE STEWARDS OF THEIR ORGANIZATIONS, THE FOUNDATION ANNUALLY SERVES IN EXCESS OF 1,100 INDIVIDUALS. WHETHER A NONPROFIT LEADER NEEDS ENTRY-LEVEL TRAINING IN ORGANIZATIONAL LEADERSHIP, FUNDRAISING, OR FINANCIAL MANAGEMENT; OR IN-DEPTH, TARGETED TRAINING OR COACHING, THE FOUNDATION PROVIDES EXTENSIVE TRAINING AND COACHING SERVICES. THE FOUNDATION ALSO PROVIDES BEST-IN-CLASS BOARD GOVERNANCE TRAINING AND OPERATES A PARTNERSHIPS AND MERGERS FUND TO HELP NONPROFITS SCALE AND BECOME MORE FINANCIALLY STABLE. THE FOUNDATION CONTINUES TO EXAMINE THE HEALTH OF THE NONPROFIT SECTOR BY CONDUCTING NONPROFIT SURVEYS THAT LOOK INTO ADAPTABILITY AND RACIAL EQUITY. BY PROVIDING THESE SERVICES, THE FOUNDATION IS BOTH PROTECTING AND LEVERAGING THE INVESTMENT MADE IN THESE ORGANIZATIONS BY THE FOUNDATION'S GENEROUS DONORS AND OTHER PARTNERS IN OUR COMMUNITY. PROGRAM INITIATIVES: THE FOUNDATION'S PROGRAMS REFLECT ITS COMMITMENT TO CREATING A THRIVING COMMUNITY FOR ALL. WITH A DIVERSE PORTFOLIO, THE FOUNDATION INVESTS IN PARTNERS THAT RANGE FROM GRASSROOTS ORGANIZATIONS TO ANCHOR INSTITUTIONS. SOME OF THE FOUNDATION'S MOST POPULAR PROGRAMS ARE HIGHLIGHTED BELOW. IMPACT GRANT PROGRAM - THE FOUNDATION'S ANNUAL DISCRETIONARY GRANTMAKING PROGRAM SUPPORTS HEALTH AND HUMAN SERVICES, ARTS AND CULTURE, EDUCATION AND YOUTH DEVELOPMENT ORGANIZATIONS. NEW ORLEANS WORKS - THE FOUNDATION'S SIGNATURE WORKFORCE INITIATIVE, NEW ORLEANS WORKS (NOW), IS AN EMPLOYER-LED PARTNERSHIP THAT CONNECTS ENTRY LEVEL AND MIDDLE SKILLED WORKERS TO JOBS THAT OFFER CAREER PATHWAYS. THE GREATER NEW ORLEANS FOUNDATION SEEKS TO BE AN INNOVATIVE LEADER, PUTTING NEW IDEAS AND PARTNERSHIPS TO WORK. NOW'S FIRST INNOVATION WAS IN THE HEALTHCARE SECTOR, WHERE THROUGH PARTNERSHIPS WITH MAJOR HEALTHCARE EMPLOYERS AS WELL AS DELGADO COMMUNITY COLLEGE, THE FOUNDATION IMPACTED CLOSE TO 1,000 JOBSEEKERS AND INCUMBENT WORKERS THROUGH TRAININGS, PROMOTIONS, AND WAGE INCREASES. WHILE THE FOUNDATION'S WORK IN THE HEALTHCARE FIELD CONTINUES, THE FOUNDATION IS ALSO WORKING TO REPLICATE THIS MODEL WITHIN THE WATER MANAGEMENT SECTOR, WITH A FOCUS ON THE EMERGING GREEN INFRASTRUCTURE (GI) FIELD. WE ALSO PROVIDE INDIVIDUALIZED, CASE MANAGEMENT SUPPORT TO THE MOST VULNERABLE WORKERS IN THE HEALTHCARE, CONSTRUCTION, AND HOSPITALITY INDUSTRIES THROUGH OUR NEW ORLEANS WORKS INNOVATIONS (NOWI) NAVIGATOR PROGRAM. THE FOUNDATION HAS ALSO RECENTLY COMPLETED A TWO-YEAR STUDY ON HOW TWO-GENERATION APPROACHES CAN BE DRIVERS FOR IMPROVING THE LIVELIHOODS OF WORKERS AND THEIR FAMILIES THROUGHOUT THE REGION. BUILDING THE MOVEMENT TO LIVE BETTER WITH WATER - THE FOUNDATION'S "LIVING WITH WATER" CIVIC LEADERSHIP INITIATIVE IS DESIGNED TO HELP THE GREATER NEW ORLEANS REGION IMPROVE OUR MANAGEMENT OF STORM WATER AND REDUCE FLOODING AND SUBSIDENCE. OUR GRANTS TO GRASSROOTS ORGANIZATIONS AND OUR URBAN WATER SERIES OF EDUCATIONAL SEMINARS HAS HELPED CITY AND REGIONAL OFFICIALS, NATIONAL EXPERTS, NONPROFIT ORGANIZATIONS, AND CITIZENS TO COME TOGETHER TO LEARN HOW TO RESPONSIBLY MANAGE STORM WATER IN THE NATION'S THIRD RAINIEST CITY. BECAUSE OF THESE EFFORTS, THE CITY OF NEW ORLEANS ADOPTED ARTICLE 23 TO ITS COMPREHENSIVE ZONING ORDINANCE. ARTICLE 23 ENSURES THAT NEW CONSTRUCTION MUST INCORPORATE PROGRESSIVE WATER MANAGEMENT AND GREEN INFRASTRUCTURE. ENVIRONMENTAL PROGRAM - THE FOUNDATION'S ENVIRONMENTAL PROGRAM MAKES GRANTS TO SUPPORT COASTAL COMMUNITIES. FROM COLLABORATING WITH THE UNITED HOUMA NATION TO HELPING OTHER NATIVE COMMUNITIES GAIN CLEAR TITLES TO THEIR LAND IN ADVANCE OF CLIMATE MIGRATION TO WORKING WITH THE ENVIRONMENTAL DEFENSE FUND TO HELP RE-DESIGN THE LOWER END OF THE MISSISSIPPI RIVER, THE FOUNDATION'S ENVIRONMENTAL FUND HAS BEEN A CATALYST FOR THE PROTECTION AND RESTORATION OF COASTAL COMMUNITIES. OUR SOUTHEAST LOUISIANA "SELA VOICE" INITIATIVE HAS PULLED TOGETHER NUMEROUS GRASSROOTS ORGANIZATIONS WHO TOGETHER EDUCATE THEMSELVES AND THEIR COMMUNITIES AND THEN PROVIDE VITAL WRITTEN PUBLIC COMMENT PROJECTS BEING PROPOSED BY THE CORPS OF ENGINEERS AND STATE COASTAL PROTECTION AND RESTORATION AUTHORITY. 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. GREATER TOGETHER FUND FOR RACIAL EQUITY - THE FOUNDATION CREATED THE GREATER TOGETHER FUND FOR RACIAL EQUITY IN SEPTEMBER OF 2020 AS A NEW CIVIC LEADERSHIP INITIATIVE DESIGNED TO ADDRESS UNFAIR AND INEQUITABLE SYSTEMS AND TO BUILD WEALTH FOR BLACK FAMILIES IN OUR REGION. BECAUSE OF CENTURIES OF EXPLOITATION, DISCRIMINATION, AND UNJUST ECONOMIC AND GOVERNMANTAL SYSTEMS, AFRICAN AMERICAN FAMILIES, ON AVERAGE, FACE RACE-BASED DISPARITIES IN SUCH AREAS AS BASIC HEALTHCARE, EMPLOYMENT AND EARNINGS, WRONGFUL CONVICTIONS, HOME OWNERSHIP, QUALITY ACADEMIC AND EDUCATIONAL OPPORTUNITIES, ACCESS TO BASIC TECHNOLOGY, AND SMALL BUSINESS OPPORTUNITIES. THE FOUNDATION USES THE GREATER TOGETHER FUND TO MAKE GRANTS TO BLACK-LED ORGANIZATIONS WORKING TO INCREASE THE WELL-BEING, SAFETY, AND ECONOMIC OPPORTUNITIES FOR AFRICAN AMERICANS IN OUR REGION. THE FUND ALSO AIMS TO BOLSTER THE WORK OF BLACK-LED NONPROFITS LEADING ON RACIAL EQUITY, MAKE IMPACTFUL INVESTMENTS THAT LEAD TO THE ELIMINATION OF INEQUITABLE SYSTEMS, CLOSE THE RACIAL WEALTH GAP BY SUPPORTING STRATEGIES THAT SUPPORT MINORITY BUSINESSES, AND SUPPORT EFFORTS THAT PROMOTE GENERATIONAL WEALTH TRANSFER WHILE SHRINKING THE BLACK-WHITE WEALTH GAP. SINCE 2020, THE RACIAL EQUITY FUND HAS AWARDED $2.46 MILLION TO 31 BLACK-LED ORGANIZATIONS WORKING TO ELIMINATE RACIALLY INEQUITABLE SYSTEMS WITH THE GOAL OF CREATING A MORE JUST REGION FOR ALL. COVID-19 RESPONSE FUND - THE FOUNDATION HAS A HISTORY OF CIVIC LEADERSHIP IN RESPONDING TO DISASTERS FROM HURRICANE KATRINA TO THE BP OIL SPILL. AT THE ONSET OF THE COVID-19 PANDEMIC, THE FOUNDATION LAUNCHED THE COVID-19 RESPONSE FUND AND SECURED OVER $6 MILLION IN RESOURCES FROM GENEROUS INDIVIDUALS, FUNDHOLDERS, CORPORATIONS, AND LOCAL AND NATIONAL FOUNDATIONS. SINCE 2020, THE FOUNDATION HAS MADE OVER 125 GRANTS TO ORGANIZATIONS WORKING ON THE FRONT LINES TO ADDRESS HEALTH CARE AND HEALTH ACCESS, TESTING, AND VACCINATIONS; TO ADDRESS FOOD AND HOUSING INSECURITY; AND TO SUPPORT ORGANIZATIONS WORKING TO ASSIST CHILDREN, LAID-OFF WORKERS, AND ENTREPRENEURS AND SMALL BUSINESSES STRUGGLING TO SURVIVE DURING THE PANDEMIC. HURRICANE IDA DISASTER RESPONSE & RESTORATION FUND - HURRICANE IDA MADE LANDFALL IN SOUTHEAST LOUISIANA AS A CATEGORY 4 HURRICANE, WREAKING HAVOC ALL ALONG ITS PATH, PARTICULARLY IN THE LAFOURCHE AND TERREBONE PARISHES, BUT CAUSING DAMAGE EXTENDING INTO JEFFERSON, ORLEANS, ST. TAMMANY, ST. JOHN THE BAPTIST, ST. CHARLES, AND OTHER PARISHES. TO DATE THE FOUNDATION HAS MADE OVER 100 GRANTS TO 87 NONPROFITS TOTALLING $5 MILLION. |
| 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 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 2021. 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 MILLION TO 41 NONPROFITS. |
| FORM 990, PART VI, SECTION A, LINE 2 |
KAREN COAXUM AND SHERRY LEVANTHAL HAVE A BUSINESS RELATIONSHIP. |
| 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 681,366. 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.