Spending Out

The End of the Road We Know

By December 20, 2021

It’s hard to believe that we’re at the end of 2021 and that The Whitman Institute will be closing down in a matter of months. This last stretch of the road is certainly not what we originally envisioned when we decided to spend out a decade ago. We closed the office a year earlier than…

Read more

Spend-Out as a Marathon, Not a Sprint

By August 11, 2020

In 2015, I wrote a reflection as I concluded my first year as a funder, a timestamp in my life that goes something like this: pre-baby, pre-Trump, pre-wildfires, pre-COVID, pre-George Floyd-inspired acceleration of racial reckoning. At that time, I was preoccupied with how to keep my ego from inflating as a side effect of becoming…

Read more

There Is No Better Time Than Now for Philanthropy to Spend Itself Out of Existence

By July 30, 2020

By Ellen Friedman , Glen Galaich, and Pia Infante Reposted with permission of The Chronicle of Philanthropy As our nation grapples with a confluence of crises, philanthropy is abuzz with how best to respond. Some are increasing payouts. Others are allowing grantees more flexibility in how they spend funds. A few have issued bonds to…

Read more

Our Spend-out: What’s Changed, What’s Next

By and June 22, 2020

When we last wrote a reflection on TWI’s spend out, we lifted up our uncertainty and vulnerability as we looked to 2022 as well as our commitment to being transparent about the journey ahead. Here we are, over a year later, and uncertainty and vulnerability remain constant companions – as they are for just about…

Read more

Spend-Out in Sight: What’s the Story?

By April 23, 2019

In 2012 The Whitman Institute made the decision to spend out our endowment over 10 years.  At the time, 2022 was a distant point on the horizon; now, not so much.  What felt theoretical is becoming more real with each passing month and we are feeling more strongly the hint of urgency that comes with…

Read more