Report Looks at Factors That Affect Grant Makers' Expenses

NEW BOOKS

What Drives Foundation Expenses & Compensation?: Results of a Three-Year Study, by Elizabeth T. Boris, Loren Renz, Mark A. Hager, Rachel Elias, and Mahesh Somashekhar, examines what the 10,000 largest U.S. grant makers spent on administrative expenses from 2001 to 2003. Among the key findings: Only 29 percent of the groups have paid employees. Most philanthropies do not pay board members, though independent foundations with paid