Making A Graceful Exit: Recommendations For Foundations Seeking To Exit A Program Area Or Close Down Responsibly

Aug 20, 2014 | by
  • Description

Program exits, or shifts away from specific fields of funding, are common -- in fact they are inevitable. Times change, new leaders bring in different ideas, and humans are forever attracted to the next big thing. So the question is not whether foundations should periodically adjust their strategies, launch new initiatives, and exit existing program areas, but how to do it responsibly. Whether exiting a funding area or completely closing down, most foundations are sensitive to the potential disruption that strategy change holds for grantees but unsure how to ease the transition and avoid sowing panic. Here we offer some practical suggestions for how foundations can prepare their grantees to weather major change.

Making A Graceful Exit: Recommendations For Foundations Seeking To Exit A Program Area Or Close Down Responsibly