Good Grant Making Requires Expertise

America's grant-making foundations grapple with our nation's most daunting problems — persistent poverty, the failure of public schools, disease epidemics, rural isolation, urban decay — so nobody should be surprised when their best efforts sometimes fall short of the mark.

What makes little sense, however, is that so many of these well-endowed organizations repeatedly fail to deploy their best resources: In effect, they fight poverty, ignorance, and disease with

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