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Can Foundations Take the Long View Again?

January 6, 2008 /

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"For small to medium to national organizations, for events and fundraisers of any size, in any format – live, virtual or hybrid – the platform is built for scale."

S business leaders like Ted Turner, Bill Gates and George Soros have moved vast swaths of their private wealth into the philanthropic sector, market expertise has migrated there, too. As a result, foundation directors, trustees and advisers from corporate America have taken a stance that the return on charitable dollars should be tangible and measurable, and should drive capital flow in much the same way that earnings figures do in commerce.

But a small and increasingly vocal group of foundation leaders is challenging the benefits of this approach.

By DENISE CARUSO

Full Story: http://www.nytimes.com/2008/01/06/business/06frame.html?_r=1&oref=slogin

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