Long Island City, NY
Guest Post: Bruce S. Trachtenberg
I recently sat in on a Philanthropy New York panel discussion that asked a very simple question, “Why do foundations choose to go on forever?”
That question, which was prompted by attention being paid to the recent uptick in the number of foundations that intend to spend themselves out of business, got me thinking.
When a foundation makes the decision to close down, that’s considered news. But what about foundations that plan to keep going forever, don’t they have some obligation to publicly explain why?
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