2024 Summer Issue of Urban Land - 26

PHILANTHROPIC IMPACT
Nancy and Geoffrey Stack Family
Foundation Adds $5 Million
to ULI Chair's Fund
Gift extends Stacks' long history of leadership in ULI, philanthropic support
for community transformation, education, and health care
RON NYREN
The NaNcy and Geoffrey Stack
Family Foundation has made a $5
million donation to the ULI Chair's
Fund, helping ULI continue to play a
vital role in shaping sustainable, equitable
communities worldwide. The
Chair's Fund, established in fall 2021,
provides unrestricted funding for
ULI's programmatic and operational
needs, with the goal of reaching a
$50 million endowment.
" The purpose of the ULI Chair's
Fund is to give the organization the
ability to thrive for the next 85 years,
as it has for the last 85, " says Doug
Abbey, former ULI Foundation chair,
ULI Foundation Capital Campaign
co-chair, and a founding donor of the
Chair's Fund. " While it is wonderful
to have targeted gifts, an endowment
provides ULI with the ability to
respond to changes in the marketplace,
and to new opportunities, in
ways that restricted giving doesn't. "
As part of the ULI Foundation's
fiduciary responsibility, donors who
contribute $5 million or more, as did
the Nancy and Geoffrey Stack Family
Foundation, become members of the
Chair's Fund Advisory Committee,
which reviews ULI's annual budget
and provides advice and recommendations
to ULI's Global Board
of Directors. With this donation, the
Nancy and Geoffrey Stack Family
Foundation is now also included as
a member of the ULI Foundation's
Marcus Vitruvius Society, the organization's
highest accolade.
A long history of leadership
Jeff Stack, a longtime ULI member, founding partner of Sares Regis Group,
and former ULI Foundation chair, said the decision to make this substantial
gift was deeply rooted in his decades-long experience with the Institute.
For Jeff Stack-a longtime ULI
member, founding partner of Sares
Regis Group, and former ULI Foundation
chair-the decision to make
this substantial gift was deeply
rooted in his decades-long experience
with the Institute. " In the 1980s,
several friends of mine suggested
that I join ULI, and I did, but reluctantly
at first, because I hadn't been
very involved in the organization
before, " he recalls. " Then I went to
my first ULI meeting. I was amazed
at how much I learned. I became
more and more involved. "
Stack's involvement with ULI grew
over the years, spanning various
roles, including chairing the Multifamily
Housing Council's Silver Flight and
26
URBAN LAND SUMMER 202 4
GE OFFREY S T A CK

2024 Summer Issue of Urban Land

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2024 Summer Issue of Urban Land - 1
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2024 Summer Issue of Urban Land - Cover3
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