The Milwaukee-based Helen Bader Foundation has announced changes to its name and structure that will allow it to increase and extend its grantmaking.
An $8 million annual contribution from Isabel and Alfred Bader will enable the newly named Bader Philanthropies to continue in perpetuity while boosting its annual grantmaking by 40 percent, to more than $14 million. Without the infusion of funds, the foundation was on track to sunset in 2020, foundation spokesperson Jeff Dardis told the Milwaukee Business Journal.
The new entity will comprise two distinct funds that reflect the values and interests of their namesakes — the Helen Daniels Bader Fund and the Isabel and Alfred Bader Fund. HDBF will continue to focus on issues to which Alfred Bader's first wife was devoted, including healthy aging and Alzheimer's disease, the arts, and Jewish education, while IABF will focus on areas of interest to Alfred and his second wife, Isabel Overton Bader, including workforce development, Community Partnerships for Youth, Jewish education in greater Milwaukee, and directed grants programs.
Grants will be awarded from a pool administered by Bader Philanthropies, BizTimes.com reports, and grant applicants will submit applications to the umbrella organization. The foundation will continue to be led by Alfred and Helen's sons — Daniel J. as president and CEO and David M. as vice president — while Margaret Foster, a healthcare administrator and the niece of Isabel Bader, will join the board. Founded in 1992, HBF has invested a total of $250 million in efforts to address social needs in Wisconsin, Israel, and other parts of the world.
"I think [Helen] would be very proud of the legacy of the foundation and impressed with what we’ve been able to accomplish since we started in the early '90s," David M. Bader told BizTimes.com, "and she would be very happy, I think, that we are increasing our giving and helping to fund more organizations and serve more people."