Nice Work If You Can Get It

[This post was later published, with some small adjustments, as an op-ed for Inside Philanthropy on May 3, 2016.]

Presidents of large private foundations get paid too much.

I don’t say that out of envy. (Not entirely, anyway.) I say that because by objective standards CEOs of private foundation receive disproportionately large salaries given the relative simplicity of their jobs. Continue reading

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Better Than Endowments

[Note: This essay is based upon my presentation of the same title at the International Conference of the Association of Fundraising Professionals, delivered March 21 in Boston.]

Charitable organizations are always grateful to have endowments. But having an endowment is different from creating an endowment. Given the needs facing nonprofits today, should creating new endowments be a priority? I would argue that in many cases donors and nonprofits should create something that is far more beneficial than endowments – what I call Aspirational Impact Funds. Continue reading

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