This article begins by observing that foundations come in all shapes and sizes. The mission and grant-making philosophy of any foundation are determined by an unscientific mixture of its history, changing external realities, and leaders. The article then continues by describing The Teagle Foundation, a small, philanthropic organization with about $140 million in assets, $5-7 million in annual grants, and a program staff that has never exceeded three people (including the president). Teagle has taken a hybrid approach, combining strategic philanthropy with a learned or knowledge-based approach to grantmaking. As such, it serves as an alternative model for traditional foundations. Walter C. Teagle established his foundation in 1944, and this article focuses on its work since 2004. Additional resources are provided.