By Charles H. Hamilton
Senior Fellow, Philanthropy New York
There is renewed interest in the issue of lifespan for foundations (spend-out versus perpetuity). Nonetheless, these discussions seem like a distraction to me, for two reasons: 1) the perpetuity versus spend-out debate isn’t relevant by itself and distracts from questions of mission and impact, and 2) it diverts us from looking at other options for foundations.
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