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January/February 1998
Volume 39, Number 1

Final Issue: Volume 47 Number 4
Foundation News & Commentary - January/February 1998

Cover Story
Yang, Meet Yin
by Roger M. Williams
Socially responsible investing—where foundation endowments are in sync with their grantmaking mission—is 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
A Few Twists on the Taint
by Jody Curtis


Feature
Results and the Double Bottom Line
by David Garza


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. Here’s 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 man’s 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
Can’t 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. Don’t tune it out if you don’t 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
Here’s 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.

From the President
Education First and Foremost
by Dorothy S. Ridings



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The Council on Foundations is a membership organization that serves the public good by promoting and enhancing responsible and effective philanthropy. Foundation News & Commentary embodies and promotes the goals of the Council on Foundations, serving as a vehicle for information, ideas, analysis and commentary relevant to effective grantmaking. It seeks to enhance understanding of organized philanthropy by grantseekers, policymakers, opinion leaders and the society at large, but it is directed primarily toward the trustees and staff of donor organizations.