Galvanizing Philanthropy

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Creating lasting environmental, social, and economic change requires discipline—a concept with which many foundations, grant makers, and committed wealthy individuals (well-intentioned as they may be) have traditionally struggled. Exempt from the accountability imposed on business by the markets or on government by voters, philanthropy is free to experiment and take risks. But with few external parties offering candid feedback or calling them to account, philanthropic investors (and their boards) have had insufficient experience objectively assessing their own performance and making hard decisions about programs and people.



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