August 27, 1998
Grant Makers: Put Your Assets Where Your Values Are
Few foundation trustees carefully monitor the contents or performance of the funds in their trust. That is because most trustees regard themselves primarily as program advisers whose main role is to formulate broad grant-making policy and philanthropic mission. They have little interest or experience in investing and are less familiar with the language of finance. Indeed, at most foundations, investment management is a totally separate function that takes place in
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