Cover Story Yang, Meet Yin
by Roger M. Williams
Socially responsible investingwhere foundation endowments are in sync with their grantmaking missionis still "out there," but maybe not as far as it once was. There's new research that says SRI doesn't necessarily penalize returns, and there's new thinking on whether SRI is worth it even if it does.
Feature Shut the Doors on Smoke-Filled Rooms
by Russell R. Reno, Jr.
After an open process to gather input from the college community, Haverford College has divested its stock in tobacco companies. Heres why and how.
Hands On Setting Up Scholarship Funds
by Virginia Peckham
Scholarship funds are a very common form of philanthropy. Here are answers to some of the basic and often-asked questions about them.
Interview Conversation with Charlie Rangel
by Jody Curtis
This mans plan for strengthening our public schools uses tax credits to "sweeten" the marriage of public/private partners.
Letter from Building Nonprofit Endowments
by John E. Marshall, III
The six-year-long Van Dusen Endowment Challenge wrapped up last November with $50 million more dollars invested for the long-term benefit of 38 Detroit-area nonprofits. Above all, the effort underscored this simple fact about nonprofit endowments: "If you build it, they will come."
Feature Cant Give it Away Fast Enough? Try This
by Rebecca L. Adamson
Program related investments made through intermediaries allow foundations to meet payout and programmatic goals, too. PRIs could be the icing on the bull-market cake.
Feature Hot Hands, Herds, Risk & Regret
by Francis Gupta
A review of the literature shows how various human behaviors have an impact on investment decisions. Dont tune it out if you dont manage foundation investments: The findings are insightful when it comes to decisions about risky grantmaking, too.
Commentary A Funder's "Top Ten Reasons"
by Marjorie Fine
Heres why grantmakers should not create and fund their own programs, with apologies to David Letterman.
Commentary Connect the Dots
by Denny Freidenrich
Pay attention to the values being expressed by fundraising efforts large and small.
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