A new nonprofit was just launched in Washington. But it’s not starting from scratch.

D.C.-based S&R Foundation — which supports artists, scientists and social entrepreneurs — is creating a new organization called Halcyon and spinning off most of its programs under that umbrella. Kate Goodall, who has served as S&R’s chief operating officer, will lead Halcyon as its CEO.

Goodall told me the new organization will be able to tap new resources so it doesn’t have to rely on one foundation. “S&R’s assets could only support us to a certain point,” she said.

It also will allow all of the programs to be rebranded under one name for clarity.

Click here to read the full article on Washington Business Journal’s website.