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...

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...