April 15, 2012
To Avoid Wasting Money, Foundations Need to Confront Failures
Foundations often loudly trumpet their successes. But they would be more effective organizations if they would quietly learn from their failures.
While mistakes happen for many reasons, a review of foundation history provides three major ways in which philanthropists waste grants or make matters worse than before money was awarded.
Impossible aims. Many philanthropists assume that spending large sums of money will enable recipients to act in ways a donor would
Technology Guide 2013