A solid framing of the role played by some foundations—thanks for this!
That said, foundations as a whole do (I’m afraid…) continue to be the quintessential “bifurcated organization” where for the vast majority 95% of their assets are managed with an understanding of the purpose of capital to be its own self generation (to make more money…) and less than 5% (when admin and overhead are considered) is used to advance their institutional mission.
What venture—either nonprofit or for-profit—would one invest in wherein management told you that for every dollar you invest, less than a nickle would be used to execute its strategy?
I remain hopeful and perhaps the array of current and significant challenges before us will bring about the change we all seek from such important actors in our society.
COMMENTS
BY Jed Emerson
ON July 17, 2020 02:07 PM
A solid framing of the role played by some foundations—thanks for this!
That said, foundations as a whole do (I’m afraid…) continue to be the quintessential “bifurcated organization” where for the vast majority 95% of their assets are managed with an understanding of the purpose of capital to be its own self generation (to make more money…) and less than 5% (when admin and overhead are considered) is used to advance their institutional mission.
What venture—either nonprofit or for-profit—would one invest in wherein management told you that for every dollar you invest, less than a nickle would be used to execute its strategy?
I remain hopeful and perhaps the array of current and significant challenges before us will bring about the change we all seek from such important actors in our society.