By Charles H. Hamilton
Senior Fellow, Philanthropy New York
Foundations should explicitly consider their lifespan options. However, in my last contribution, I wrote that focusing simply on foundation perpetuity or spending out was, per se, a distraction from: (1) attending to mission and effectiveness first and foremost, and (2) considering other forms of foundation “existence,” such as foundation mergers. I remain distracted by two things: (1) much of the discussion about foundation lifespan tends to skew in favor of spend-out, and (2) the value of enduring, independent philanthropic institutions to civil society is unfortunately ignored.
Continue reading…
Recent Comments