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
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….