Atlantic CEO to step down
Howard Lake | 31 May 2006 | News
The Atlantic Philanthropies has announced that its chief executive officer, John R. Healy, will step down in September 2007. Mr Healy, who was appointed CEO for a five-year term in September 2001, has agreed to extend his term for an additional year before returning to his home country, Ireland.
Mr. Healy, 59, has been associated with The Atlantic Philanthropies since 1990. As chief executive officer, he managed the organisation’s successful transition in 2002 to a limited-lifetime foundation which expects to cease active grantmaking around 2016 and will close down shortly thereafter.
Mr. Healy led the initiative to focus Atlantic’s grantmaking on four areas: ageing, disadvantaged children & youth, population health, and reconciliation & human rights. As of March 30, Atlantic had awarded grants totalling $3.64 billion since 1982. Remaining in the endowment is approximately $3.8 billion.
Advertisement
The organisation’s self-imposed expiration date is in keeping with the spirit and philosophy of its founder, Charles F. Feeney, who believes in “giving while living,” and follows in the philanthropic footsteps of other notable foundations.
The search for Mr. Healy’s successor is being conducted by Spencer Stuart & Associates, under the direction of the Board of Directors of The Atlantic Foundation, the largest charitable fund within The Atlantic Philanthropies. The Board will consider both internal and external candidates.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.