Pandemics and Perpetuity
What if foundations were to open up their endowments entirely and put a time stamp on their payout? To do that, many foundations will need to have tough conversations about whether or not they exist in perpetuity.
As we head into what many economists predict will be a long recession, many funders are likely planning to reduce their grantmaking budgets, similar to the way in which philanthropy responded to the Great Recession of 2008. I think it would be a mistake for philanthropy to repeat that contraction in grantmaking.
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