NY Times Business Section
Can Foundations Take the Long View Again? by Denise Caruso
AS business leaders like Ted Turner, Bill Gates and George Soros have moved vast swaths of their private wealth into the philanthropic sector, market expertise has migrated there, too. As a result, foundation directors, trustees and advisers from corporate America have taken a stance that the return on charitable dollars should be tangible and measurable, and should drive capital flow in much the same way that earnings figures do in commerce.
But a small and increasingly vocal group of foundation leaders is challenging the benefits of this approach.
http://www.nytimes.com/2008/01/06/business/06frame.html?pagewanted=1&_r=1&emc=eta1
