Frequently Asked Questions
When will the Foundation close?
Columbia Foundation will cease all grantmaking as of May 31, 2013, the end of the current fiscal year. The foundation will cease operations by December 31, 2013.
Why is the Foundation closing?
Madeleine Haas Russell?s children, Alice Russell-Shapiro, Christine H. Russell and Charles P. Russell, as trustees, have determined that the best, most efficient and effective way for the family to continue its tradition of philanthropy is through three separate foundations. Mrs. Russell always supported her children investing in causes they cared about, trusting that they would have a better understanding of the issues facing their generation. This transition will allow them to focus on their specific areas of interest, and to involve their children ? the next generation ? in philanthropic giving.
What will happen to the Foundation?s assets?
The assets will continue to support the philanthropic work of the Russell family through the foundations of Madeleine Haas Russell?s three children, Alice Russell-Shapiro, Christine H. Russell and Charles P. Russell.
Will the Foundation be making more grants before it closes?
The final round of arts grants has been completed. The final deadline for human-rights applications was October 1, 2012, and the final deadline for grant applications for food and farming is December 1, 2012.
What are the names of the successor foundations, and will they have the same interests and priorities as Columbia Foundation? Will they continue to support the same organizations?
Each of Mrs. Russell?s children has, or is working to form, a foundation through which they will carry on the family?s tradition of philanthropy and continue to support the causes and issues about which they are passionate. The successor foundations are still planning for the transition at this time. Further information about the three successor foundations will be available on the Columbia Foundation website by June 2013.