Sunday, January 07, 2007

Five percent good, 95, not so good

Foundations spend 5% of their assets per year on good works. Many of them simultaneously invest 95% of their assets in companies or activities that run directly counter to those good works.

The calls to invest foundation endowments in ways that advance or complement - or at least don't completely override - the missions and purposes to which they ascribe will get a boost from the LA Times' two-part series on The Gates Foundation. Part One is here.

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