NEXT’s approach to sustainability

  • NEXT is a spend down foundation and planning for transition begins at the point of NEXT investment
  • Sustainability of grant partners includes financial resilience and may include capacity building
  • To ensure long term impact, the NEXT approach in environment includes collective impact, community ownership and partnering with the Crown. The Tomorrow Accord is an exemplar of what is possible through partnership
  •  In the education area, NEXT is earlier on the journey and the focus is more on conversations with grantees about sustainable long term funding
  • Sustainability of grant partners is an important issue for all philanthropic organisations – this is particularly the case for foundations with a limited life. Many sunset foundations have documented their lessons and experience, including the importance of preparing early and well for transition

Read more here.