NHVCares Blog | Tough Times, Big Decisions

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NHVCares Blog


From the Shoreline to the Valley to New Haven and everything in between, people are coming together to create a better future for Greater New Haven. #NHVCares was launched by The Community Foundation for Greater New Haven to inspire, inform and engage residents about the impact of philanthropy. You will hear from Foundation staff and contributing guest bloggers. And we want to hear from you! Whether you’ve just moved to Greater New Haven or have lived here all your life, we hope you’ll find this blog useful and informative—and that you’ll tell others about it.

Tough Times, Big Decisions
By Angela Powers / September 30, 2016

In his final entry for the Nonprofit Organization Report Jack Horak leaves his post at Reid and Riege with a bang!  

In these times of tight money at the federal, state and local governmental levels, Jack predicts Boards of nonprofits are in for big decisions about their stewardship of nonprofit endowments. He cites the recent attempt by the State of Connecticut to “tax” Yale’s endowment and gives us context for that unsuccessful move to the Magna Carta and the king’s expectations about gifts of land to the Church. This tension between government and the philanthropic sector about whose responsibility it is to provide for basic human needs and quality of life (and who is going to pay for it!) goes back a long time.

Thank you, Jack, and good luck in your new venture with The Alliance for Non-Profit Growth and Opportunity (TANG). 

Read Jack's Article

For more information about endowments, please see The Foundation’s upcoming workshops:


Ready to talk about endowment? (Oct 19)

Endowment 201: advanced endowment principles (Nov 1)


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