August 19, 2004
How Foundations Hurt Charities
During the past decade, blaring headlines about institutional misconduct and the sharp drop in assets at many foundations caused by the burst of the dot-com bubble have heightened public concern and Congressional scrutiny of charitable and philanthropic organizations. As a result, foundations have made accountability and transparency their watchwords. Trustees and staff members have overhauled governance and grant-making processes, re-examined their missions, made detailed strategic plans
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