The philanthropic community has a perpetuity obsession. Critics of perpetuity believe that preserving capital, restricting payout, and existing forever is the pernicious norm. Admittedly, for some foundations, perpetuity a sacred ideal, an aspiration that is sometimes unquestioned. Foundations that “spend-down” are valorized as rare entities that value community impact over…
Tag: Charitable Foundations
Total 3 Posts
This blog was written by Danna Fichtenbaum Headlines were abuzz last week detailing claims issued in Connecticut state court by two of the daughters (the “Daughters”) of Paul Newman – actor and creator of the Newman’s Own food brand – that Newman’s philanthropic endeavour, Newman’s Own Foundation (the “Foundation”), is…
Charitable foundations are grappling with their response to COVID-19. A Canadian initiative, Give5.ca, is advocating for increased granting through a time limited pledge in 2020. Simply, the ask is for foundations to pledge to grant at least of five percent of their assets to registered charities in 2020. That’s it….