2015 • 11 months • Chicago Commitment
The Executive Service Corps of Chicago recruits, trains, and supervises volunteer teams of experienced professionals on consulting projects for nonprofits. The Foundation’s partnership with the organization began in 2009 when the Foundation made its initial investment of $1 million in the Arts & Culture Loan Fund. The Loan Fund offers loans, underwritten and monitored by financial institutions, to small and mid-sized MacArthur arts grantees to strengthen financial stability. Executive Service Corps manages certain aspects of the Loan Fund by screening organizations, assisting in preparing loan documents, and providing technical assistance on topics such as board governance, strategic planning, and finance. An external consulting group recently conducted an evaluation of the Loan Fund program for the Foundation; it was found to be valuable to grantees but needing refinement. Executive Service Corps will continues its activities on an interim basis as the program is redesigned.
2013 • 2 years • Chicago Commitment
This grant renews support to Executive Service Corps to provide technical assistance to arts organizations eligible to apply for loans through the MacArthur Foundation’s Arts & Culture Loan Fund. Specifically, this grant will cover the costs related to program management of the loan fund process itself, including screening interested organizations and loan documentation preparation; technical assistance for eligible organizations on topics such as board governance, strategic planning, and finance; and the documentation of case studies that will provide insight into the Loan Fund’s process and impact.
2011 • 3 years • Chicago Commitment
In support of technical assistance to applicants of the Foundation's Working Capital Loan Fund for Arts and Culture (over three years).
2010 • 1 year • Chicago Commitment
To support the Working Capital Loan Fund and to provide technical assistance to nonprofit organizations.
2009 • 1 year, 11 months • Chicago Commitment
To provide technical assistance for the Working Capital Loan Fund established in cooperation with ShoreBank (over two years).
1996 • 1 year • Policy Research
To train and place business professionals on the boards of nonprofit organizations.
1989 • 1 year
To support work on the Near West Side.
1987 • 3 years
To support consulting services to the Chicago Public Schools (over three years).
1983 • 3 years
To support management consulting services to the Chicago Board of Education (over three years).
1983 • 1 year
To support consulting services to the chief financial officer of the Chicago Board of Education.