# Atlantic CEO to step down

- Link: https://fundraising.co.uk/2006/05/31/atlantic-ceo-step-down/
- Published: 2006-05-31T23:00:00+01:00
- Author: Howard Lake

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.

 

 

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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.

 

 

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.

 

 

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