R.I. Foundation perpetuates cycle of giving

STRONG FOUNDATION: Rhode Island Foundation Chief Financial Officer and Vice President of Finance John Barnett, left, and President and CEO Neil Steinberg. / COURTESY RHODE ISLAND FOUNDATION
STRONG FOUNDATION: Rhode Island Foundation Chief Financial Officer and Vice President of Finance John Barnett, left, and President and CEO Neil Steinberg. / COURTESY RHODE ISLAND FOUNDATION
The Rhode Island Foundation manages its finances to make sure that its capital endowment grows in perpetuity, a key function of its identity as a community foundation. The proof that it does so effectively, says Neil Steinberg, foundation president and CEO, is in the numbers. In 2009, during the recession, foundation assets totaled $524 million;…

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