M. Christine DeVita is President of The Wallace Foundation, a private charitable foundation created by Lila and DeWitt Wallace, the founders of Reader's Digest, as a legacy of their own philanthropic lives.
DeVita joined the foundation in November 1987. Since then, she has led the foundation as it has shifted away from project-focused grantmaking and toward more integrated strategies that combine program, evaluation and communications expertise to deliver social benefits beyond the recipients of the foundation's direct grants.
DeVita earned her B.A. magna cum laude from Queens College of the City University of New York and her J.D. cum laude from Fordham University School of Law.
The financial model of foundations is a really interesting one because it is different than what businesses have, or even what not-for-profits have. Both of whom by definition have to raise money. Whether you are raising capital in the capital markets, or through solicitations from foundations and...(Full transcript available to logged in subscribers.).
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