May 27, 2012
Foundation Woos New Donors With Its Rigorous Style
Menlo Park, Calif.
When Robert Kaplan, a former vice chairman of the Goldman Sachs Group, started to think about formalizing his giving, his initial plan was to create a nonprofit venture-philanthropy organization to help social entrepreneurs start new organizations.
Then he heard about the Draper Richards Foundation, which had been created by two pioneering venture capitalists in Silicon Valley, from one of his students at the Harvard Business School, where he is now a management professor.