February 22, 2007
Rethinking How Foundations Invest
To the Editor:
Jed Emerson and Mark Kramer appropriately point out that the historic wall between foundations' grant making and their investment management unnecessarily constrains their ability to meet their missions ("Maximizing Our Missions," January 25).
One reason for this divide is the divergent application of the concept of return on investment.
In the corporate sector, success is typically measured by the
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
Get more great stories about the nonprofit world delivered to your inbox every weekday. 
