April 9, 2009
Foundation Officials Criticize Report on Criteria for Philanthropy
The National Committee for Responsive Philanthropy is under fire for a report it published last month that set several standards for foundations, including that they should give at least 50 percent of their grant dollars to help the poor and other disadvantaged people.
The California Wellness Foundation took the unusual step of canceling its membership in the committee and asking the organization to return a $10,000 grant. While several foundation leaders have sharply criticized the