Stanford University recently hosted a terrific Engine of Impact event, featuring inspiring lessons from the high-impact nonprofit, Last Mile Health. On November 27th, Engine of Impact co-author and King Philanthropies President and CEO Kim Jonker and Last Mile Health cofounder and CEO Raj Panjabi took part in an exciting discussion on “Achieving Impact in the Social Sector”, co-hosted by the Stanford Center for Global Poverty Development and the Center for Social Innovation at the Stanford Graduate School of Business, and moderated by Laura Hattendorf of the Mulago Foundation.
To an audience comprised of students, (including visiting King Scholars from Dartmouth!) faculty, Stanford alumni, and social sector leaders, Panjabi shared his personal lessons of leadership and learnings so far at Last Mile Health. Lauding the importance of themes of “focus, focus, focus” in Engine of Impact’s Chapter 1, “The Primacy of Mission”, Panjabi stressed the importance of focus in a nonprofit’s activities (versus breadth and diversification). Panjabi shared that the early years of Last Mile Health looked very different from what the organization is today. Initially, Last Mile Health’s interventions were broad, including agriculture, sewing & more! But by honing in on a single concept – professionalizing community health workers – Last Mile Health has achieved massive impact. It was featured as an exemplary organization in Engine of Impact, cited for its current clear and focused mission. Last Mile Health was also featured in Engine of Impact for its impressive ability to scale.
At the annual Global Philanthropy Forum conference, the CEO of King Philanthropies led a discussion with two leading figures in African philanthropy.
This week, president and CEO Kim Starkey Jonker moderated a panel at the 2018 Global Philanthropy Forum conference in Redwood City, Calif. The panel, “Building an Ecosystem: When Generosity Meets Strategy,” focused on the growth of philanthropy in Africa. In introducing and leading the session, Jonker drew both on her work at King Philanthropies, which sponsors ambitious programs in Africa, and on her work for the book Engine of Impact, which explores (among other topics) the nexus of generosity and strategy.
A post at the GPF website summarizes the session:
Strategy is a planned set of actions that enable you to achieve your goals. However, many organizations in the social sector have strategies that lack focus and spread their resources too thin. Kim Starkey Jonker, president and CEO of King Philanthropies, sat down with Valerie Dabady, manager of the Resource Mobilization and Partnerships Department at the African Development Bank and Dikembe Mutombo, chairman and president of the Dikembe Mutombo Foundation, to discuss how philanthropists can effectively identify or build organizations with strong, targeted strategies. A former NBA player, Mutombo emphasized the importance of collaboration as a central part of strategy. “Anything you want to do in life, you have to understand you need to work as a team,” he said. Building on this, Dabady pointed out that knowing who to work with, and making the right partnerships for your organization is critical.
A complete video recording of the session appears below.
About King Philanthropies
King Philanthropies is a grantmaking organization located in Menlo Park, California. Its work is guided by the vision of its founders, Robert E. (Bob) King and Dorothy J. (Dottie) King. The Kings have supported a wide array of organizations and initiatives over the course of several decades. In 2016, they created King Philanthropies in order to organize and advance the pursuit of their philanthropic ambitions. King Philanthropies’ mission is to alleviate extreme poverty by magnifying the impact of high-performance leaders and organizations. Please visit the King Philanthropies website for more information on the work that King Philanthropies undertakes to achieve this mission.
The Chief Operating Officer (COO) provides the financial leadership and management to define and implement King Philanthropies’ operations, administrative and reporting procedures and people. The COO also serves as a strategic partner to the President and Chief Executive Officer (CEO). The position maintains control of business operations including Finance, Administration, Legal, Human Resources and Technology. The goal is to optimize the strategy and operations of the Foundation to fulfill the mission of the organization and the vision of the Founders and the CEO.
Kim Starkey Jonker, President and Chief Executive Officer
Other Key Relationships:
Founders, Bob and Dottie King
Bill Meehan, Special Advisor and Board Member
Members, Investment Committee
- Direct oversight of operational functions including: Finance, Administration, Legal, Human Resources and Information Technology.
- Contribute to the continued development of a supportive and collaborative work environment through active participation in internal collaborations, teams and activities.
- Serve as management liaison to the Board and Investment Committee; effectively communicate and present on financial and operational matters at Board and Committee meetings.
- Routinely communicate accurate short- and long-term financial information to the President/CEO and the Board.
- Represent the Foundation externally with partners, collaborators and key stakeholders.
- Oversee the annual budget and payout planning and the analysis and reporting process. Advise the President/CEO on financial management and reporting, cash flow, and fiscal and spending policy. Liaise with the Chief Investment Officer, Investment Committee, and Wealth Management team on investment priorities and policies.
- Manage key aspects of human resources including compensation and benefits, personnel policies and implementation, insurance and retirement plan selection and administration; participate in hiring and training, planning and directing work and the performance evaluation process.
- Define and direct organizational policies, internal controls, standards and procedures.
- Foster a workplace culture that allows employees to maximize their performance and engagement.
- Evaluate organizational performance by defining and interpreting key performance indicators.
- Meet all external and internal reporting requirements, including the development of value-added management analytics that support decision making at all levels of the organization.
- Keep current on laws and regulations relevant to private foundations to ensure regulatory compliance and timely filing of reports. Ensure that the Foundation operates within accepted accounting standards, in accordance with all legal requirements, and to best practice standards.
- Responsible for meeting tax requirements and compliance: 990 tax preparation, filings, estimated payments and other third party/government reporting and filings; ensure compliance with 990 reporting of grants and accounting requirements; work with accounting firm to ensure complete and accurate preparation of tax return.
- Manage annual audit process with external accounting firm; responsible for financial and other third-party audits
- Minimum of 10 years proven experience as COO or CFO, with relevant financial management experience.
- Exceptional business acumen and experience managing business functions including Finance, Human Resources, Technology, and Legal
- Superior management skills; strong mentoring and coaching experience to a team with diverse levels of expertise.
- Working knowledge of data analysis and performance/operation metrics.
- Bachelor’s Degree. Graduate degree preferred, such as M.B.A., M.S., or J.D.
Other Personal Characteristics
- Strong people skills
- Of the highest integrity
The Search Process
King Philanthropies has retained Sally M. Sterling Executive Search to support the search for the next Chief Operating Officer. If you wish to submit your own application materials or nominate a candidate for this position, please send an email message with supporting materials to Sally Sterling.
A report on the Morgan Stanley website discusses remarks by King Philanthropies CEO Kim Starkey Jonker at the 7th Annual Social Impact Exchange Conference. The gathering, cohosted by Morgan Stanley and Social Impact Exchange, brought together leaders and thinkers from the social sector to explore issues related to “the breakthrough notion of systems change.”
Jonker, in her appearance at a panel session, focused on the rigorous and systematic approach that her team takes to the foundation’s grantmaking efforts. “We try to start with a fact base, and to say, ‘Where is it that we can actually have the most impact in global poverty alleviation?’” Jonker said during the panel. This approach to philanthropy, as the report notes, “requires [donors] to go beyond simply following their passions.”