Day: February 6, 2017


Watch out! Spend-down foundations are changing the meaning of impact

Who wants to live forever? Not spend-down foundations, apparently. The so-called “spend-down” foundations are those which see their leaders committing to spend their capital rather quickly to achieve maximum impact, as opposed to the concept of “in-perpetuity” which refers to the fact that foundations are meant to exist forever. Let’s start with the latter. Since […]

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