Atlantic appoints new CEO
The Atlantic Philanthropies, one of biggest foundations in the world, has appointed a new chief executive. Gara LaMarche, a seasoned human rights advocate, philanthropic leader and foundation executive, replaces Irish man John Healy from April 2007.
LaMarche, 52, has been Vice President and Director of U.S. Programs of the Open Society Institute, an international foundation, since 1996.
As Chief Executive Officer, LaMarche will work with the Board and Atlantic’s Founding Chairman, businessman Charles F. Feeney, to oversee a limited-lifetime foundation. Atlantic intends to disburse its remaining endowment of approximately $4 billion and complete its active grantmaking by 2016. It will cease operations soon thereafter.
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Atlantic focuses its grantmaking on four areas of social concern: ageing, disadvantaged children & youth, population health, and reconciliation & human rights. The foundation makes most of its grants in seven geographic regions: Australia, Bermuda, Northern Ireland, the Republic of Ireland, South Africa, the United States and Viet Nam.