Can Foundations Take the Long View Again?
| January 6, 2008 |  View for printing |
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/bu ... oref=slogin
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