What we're reading at Tipping Point this week...January 17, 2008

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

San Francisco Magazine calls Ben Mangan, CEO of Tipping Point grantee, EARN, the "American Dream Catcher"

"We applaud the heroes of international microfinance who transform lives with loans as small as $50. But, right here, in the nothing-comes-cheap Bay Area, Ben Mangan has found a way to vault people making less than $20,000 a year into the middle class."
http://www.sanfranmag.com/story/american-dream-catcher