While institutions are incorporated to live beyond the lifetime of a single human being, perhaps fulfilling its mission can lead to a conclusion that the best course is to wind itself down. Courage at the #IveyFoundation , led by #BruceLourie

> One of Canada’s largest and oldest philanthropic organizations has decided to wind down and distribute its entire endowment – $100-million – to expedite efforts to align the economy with net-zero emission targets.

> The Ivey Foundation has determined that the need to transform industrial policies to meet climate goals is too acute to keep funding projects at its current rate, said Bruce Lourie, the foundation’s chief executive officer. The money will be dispersed to its slate of economic and environmental partner organizations over the next five years.

> Dr. Lourie said slashing carbon emissions by 40 per cent to 45 per cent below 2005 levels by 2030 and getting to net zero by 2050, as per Ottawa’s international commitments, are only getting tougher to achieve. [....]

> From the foundation’s perspective, the two biggest risks facing the country are failing to adequately deal with climate change and missing related economic opportunities, such as electric vehicle and battery manufacturing and transforming the power grid, as other countries establish dominance in those areas. “So, in our philanthropic work, we’re really trying to integrate those two things – Canada’s competitiveness and prosperousness, together with the need to address our emissions,” Dr. Lourie said.

"Ivey Foundation will distribute $100-million endowment to causes aimed at accelerating progress on climate change" | Jeffrey Jones | Globe & Mail | 2021-11-29 https://www.theglobeandmail.com/business/article-ivey-foundation-endowment-climate-change/