How to Think About Risk in Philanthropy

By Paul Brest & Mark Wolfson

Foundation officers and endowment managers too often prefer exceedingly safe grants and investments because of misapplied principles, biases, and concerns about their reputations. A Viewpoint from the Winter 2020 issue.

UP FOR DEBATE

How Investors Can (and Can’t) Create Social Value

By Paul Brest, Ronald Gilson, & Mark Wolfson 10

A growing number of investors are attempting to create social value with their investments, but it’s often more difficult to achieve than one might think.