April 23, 2009
Foundations Need to Think Hard About Their Blind Spots
Consider the grant portfolio of a foundation dedicated to improving the environment. This imaginary foundation supports national nonprofit groups that are pushing climate-change legislation in Congress. To make significant gains toward an environmentally sustainable future, the foundation believes, Congress should pass a so-called cap-and-trade plan, which limits the amount of carbon dioxide that companies can emit into the atmosphere.
But the proposal is in danger because companies