Tag Archives: legacy

A More Powerful Kind of Legacy

My friend Susan is a fan of my blog and usually sends a note to say that she agreed with what I wrote that week. But not when she read my post, “An Approach to Funding That Might Actually Work.”

“What’s your big problem with perpetual endowments?” she asked. “I don’t have kids, and I want to leave my mark in the world. I really like the idea of creating a fund with my name on it that will work forever for a cause I care about.”

Susan, a wonderful woman and an active environmentalist, in this case is being very traditional. And she’s not alone. Nearly every time I question the assumption that permanent endowments are a godsend for each and every nonprofit, people respond with shock. But question it I do. Continue reading

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