January 10, 2008
Three Charities Win Money to Vastly Expand Operations
A foundation known for encouraging its most-successful grantees to think bigger is now helping those organizations raise "growth capital" from other foundations so that the charities can carry out aggressive expansion plans.
The Edna McConnell Clark Foundation, which focuses on charities that serve youths, has committed $39-million of its own money to a new fund it has set up that will help three charities expand rapidly.
Other foundations and individuals have already
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