January 30, 2013 Update from FEX Board Chair

On behalf of the Funding Exchange Board of Directors, I hope that you are having a very happy start to 2013!

Quite a few of you have been sending us questions about what the future holds as we take steps to wind down program operations at FEX. For that reason, we wanted to share a few updates about the activities underway.

We have created a FAQ page to provide answers to the most common questions we’ve received in the last few weeks. Simply click the link below to learn more practical details about the everyday goings-on here at FEX, both now and in the near future. Click here to visit the FAQ page.

In addition, we are actively working with donors to help maximize the Donor Advised Fund grants we currently manage. If you are a Donor Advised Fund holder at FEX and wish to move your account, you will be able to do so after June 30, 2013. We will work with you to make the transition as smooth as possible. If you need any help with your Donor Advised Fund, we encourage you to contact Richard Burns, FEX’s Interim Executive Director at richard.burns@fex.org or (212) 529-5300.

In 1986, the Funding Exchange purchased its office at 666 Broadway in New York. In addition to serving as a wonderful home base for FEX it has been a home for as many as nine social justice organizations as tenants. When the board of directors of FEX made the hard decision to wind down our operations, we also decided to sell our office condominium.

After much research we are pleased to have retained Rudder Properties Group to market the office. RPG is a commercial brokerage that specializes in the sale of office condominiums in Manhattan. We’re lucky to be working with them and we hope you’ll help us spread the word! Interested parties can contact Michael Rudder at mrudder@rudderpg.com or 646-415-6168.

The Board of Directors continues to work through the many tasks that will need to be completed over the course of 2013. We plan to continue to keep you in the loop every step of the way, so please look for additional updates from us. Again, if you have any questions or concerns in the meantime, feel free to contact Richard Burns at richard.burns@fex.org or (212) 529-5300.

Thank you again for your continued support. We really do appreciate you!

Yours,

Casey Cook

Chair of the Funding Exchange Board of Directors