
By Charles H. Hamilton
Senior Fellow, Philanthropy New York
Thus began an article in 2000 by Robert Mayer, then Chair of the Nathan Cummings Foundation. At any time—and especially during an economic downturn—the question we should ask is “what is the best use of foundation resources?” The whole independent sector would be better served if foundations invested resources more wisely in their own capacity to do a more effective job.
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