On the heels of a record-breaking grant year, the W.K. Kellogg Foundation is revamping its mission to promote the success of vulnerable children.
The funder awarded a record-high $335 million in grants during its 2006-07 fiscal year, up almost 17 percent over the previous year.
According to its new mission statement, the foundation “supports children, families and communities as they strengthen and create conditions that propel vulnerable children to achieve success as individuals and as contributors to the larger community and society.”
To encourage a public dialog about the new mission, the foundation has launched an online forum containing a copy of the annual report, videos and other related information.
The theme of the latest annual report is “Philanthropy in the Spirit of Our Times.”
“The spirit of our times calls directly to foundations such as ours to confront the challenges we face with renewed hope and vision,” Sterling Speirn, president and CEO of Kellogg, says in a statement. “We cannot let a nation at risk become a nation divided, or in decline.”
The foundation awarded more than $248 million in funding inside the U.S. last year, with almost $13.9 million of that directed to its hometown of Battle Creek, Mich.