JTG Foundation received a significant bequest from Tom Gorman's estate. The Board of Directors is actively planning for the imminent growth of the Foundation's assets and the increase in grantmaking activity that will ensue with a larger portfolio. In fiscal year 2010, several key decisions were made. The Board brought on Richard Petersen as a new board member, reviewed and updated its bylaws, and retained the firm of Cambridge Associates as investment advisor. In addition, the Board began internal conversations about the overall vision and future program direction for the Foundation.

The Foundation will continue to focus on the core areas that were important to Tom Gorman. Within those areas, the Board believes there is opportunity for creativity and increased impact. The Foundation will strive to find a balance between making grants to address immediate needs and making strategic, longer term grants which invest in the future. The Board is interested in considering new approaches to grantmaking, such as program related investments, and collaboration with other grantmakers and organizations that will leverage the Foundation's investments.