January 15, 2012

Philanthropy Advisory Group Merges With the Boston Foundation

By Ben Gose

When Peter Karoff founded the Philanthropic Initiative in 1989, he knew of only two small competitors in the emerging field of philanthropic advising. Eleven years later, in 2000, he told The Chronicle that his nonprofit organization was operating in “a cottage industry that’s trying to meet a huge demand that’s greater than anything we’ve seen before.”

Others paid attention—and began to move into the game. Today, several large consulting