Private operating foundations — unlike grant-making foundations — actively conduct their own charitable, educational or other exempt programs and activities, and are required to distribute a specified percentage of their income for charitable or other exempt purposes.

We see many benefits to being an operating foundation: It allows us to work hand in hand with partner organizations to achieve our goals, and it enables us to engage directly and regularly with the communities and constituents we serve and support.

During our 2018/2019 fiscal year, we invested in four major initiatives across our three focus areas (Early Learning, Wrap-Around Support and Knowledge Building). Following is a summary of the investments we made.