September 14, 2006

How to Make a Big Foundation Effective

By William A. Schambra

Shortly after Warren Buffett announced his plans to give $30-billion or more to the Bill & Melinda Gates Foundation, the foundation's president, Patty Stonesifer, said in an e-mail message to the foundation's grant recipients: "As we grow, truth-tellers will become ever more important to us. So please: Let us know when things are going well, and even more importantly, when they aren't."

I hope Ms. Stonesifer doesn't believe for a moment that this sort of lofty, offhanded

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