Mark Blumberg, Charity LawyerVery good article on international philanthropy. The only thing I would add is that trust-based philanthropy and spend down by foundations are not by any means new. There is just greater realization that annual grants, micromanaging, restrictions and constant need for innovativeness is not effective. https://www.dailymaverick.co.za/opinionista/2022-11-23-the-rapidly-changing-face-of-global-philanthropic-foundations/ #Philanthropy #TrustBased #SpendDown #Charity #Impact #Philanthropists
OPINIONISTA: The rapidly changing face and expectations of global philanthropic foundations
There are now increasing numbers of ‘spend-down’ foundations where the principal donors want to see their funds spent more quickly within specific timeframes – and with less-restrictive conditions than in the past.