This is a repost of an article first published in the Stanford Social Innovation Review. By Jeri Eckhart-Queenan, Michael Etzel, & Sridhar Prasad Summer 2016 A new grantmaking approach is needed – one that provides enough money for nonprofits to pay for all their operations, not just programs and services. The first step toward achieving…
Lately I’ve been inspired by the notion of changing the rules of the philanthropy game here in the U.S., like Professor Ray Madoff’s challenge to institutions with over six hundred billion dollar endowments be required to pay out more than 5% and stop using “charities” as tax shelters for amassing wealth. Professor Madoff’s ideas seem…
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