Jack Wilcox had a vision that his estate should be invested in the Plymouth community and that the ultimate value to the community of this investment should exceed the initial value of the estate assets. His idea was to provide seed money that would provide an opportunity to create lasting improvement. He did not want his resources simply “given away” to various benevolent causes, but rather wanted them put to productive use to provide ongoing long-term benefits.
In accordance with this vision, the Directors of the Wilcox Foundation view the Board not simply as a supplier of resources for charitable or community work, but rather as a maker of lasting investments in the community that create tangible value.
Grants should be more than demonstrations of goodwill aimed at supporting “good works”, they should be targeted investments designed to generate specific results. Rather than being simply a “grant maker”, the Board intends to be a “charitable investor”.
The Board measures its value and accomplishments, not just by the funding provided, but more importantly by the actual results achieved with Jack’s resources. In other words, the Board expects to create a visible social return on its investments and is determined to provide tangible benefits to the Plymouth community.
As with all Foundations, the Board will support activities in which it has an interest and which it believes Jack Wilcox would have supported. It will try to maintain a long-term view, keeping an eye on its comprehensive mission of investing foundation assets in projects where the overall value to the community will ultimately exceed the value of the funds initially invested.
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