The Denovo Initiative

The Denovo Initiative is a private foundation established in December 2021, dedicated to supporting storytellers who challenge societal values, opinions, and beliefs. The organization's mission focuses on using personal and compelling storytelling as a catalyst for building empathy and overcoming political polarization, racism, anti-immigrant sentiment, ageism, ableism, and cultural divisions.

Mission

The Denovo Initiative aims to facilitate understanding and acceptance of our shared humanity by enabling storytellers to articulate new perspectives and ensuring these perspectives are widely disseminated. The thematic focus of supported projects often involves highlighting real-world obstacles, such as systemic or political barriers, that hinder progress and positive outcomes.

Organizational Structure

• Dawn H. Bonder serves as President and Chief Executive Officer, bringing a background in law and business to her role. She has been instrumental in promoting storytelling as a tool for change and has been involved in several impactful projects.
• Susan P. Potter acts as Head of Business Affairs and General Counsel, leveraging over 25 years of experience in legal fields to manage the organization's operational and compliance matters.
• Janice L. Finley is the Chief Financial Officer, contributing her experience in health insurance and nonprofit management to the financial oversight of the foundation.

Financial Overview

The Denovo Initiative operates with significant funding, having received substantial contributions in the early years of its operation. In 2021, the foundation received over $21 million, primarily from contributions, while in 2022, its revenue was more diversified, including interest, dividends, and asset sales. Charitable disbursements have become a major focus, with over $1.3 million allocated in 2022. The organization's total assets stood at approximately $18.4 million as of the end of 2022.

Grant Activities

In 2023, the Denovo Initiative provided grants totaling $604,531, building on its previous year's awards which included 13 separate grants in 2022. The foundation continues to support diverse storytelling projects aimed at fostering empathy and understanding.

Classification and Tax Status

The Denovo Initiative is classified as a philanthropic organization under the National Taxonomy of Exempt Entities (NTEE) as a private grantmaking foundation. Donations to this organization are tax-deductible, adhering to its status as a 501(c)(3) entity.