May 7, 2009
Most Family Foundations Plan to Operate Forever
Few family foundations have plans to shut down after a certain period of time, preferring instead to exist in perpetuity, according to a survey released last week by the Foundation Center.
But the recession could prompt more donors to limit the life span of their institutions.
Just 12 percent of 1,074 foundation leaders who participated in the survey last June said they had plans to close their organizations within a certain time.
Another 25 percent were undecided about
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