February 8, 2007
What Is an Effective Foundation?
Assessing and achieving effectiveness is a topic of much discussion among foundations. Increasing attention from lawmakers and the news media, Warren Buffett's high-profile contribution to the Bill & Melinda Gates Foundation, and the arrival on the philanthropic scene of a new cast of more results-focused donors have brought the issues front and center.
But what is effectiveness for foundations?
It's not a simple question to answer. In the business world, an organization
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