Some funders are experimenting with the foundation form itself, questioning whether the traditional grantmaking foundation is the most effective structure for their efforts to create social change.
Traditional Approaches
Typically, significant philanthropic contributions came after the death of a wealthy donor. Money was bequeathed through a will to charitable causes as a way of leaving a legacy or avoiding taxes. The permanently endowed foundation, established in perpetuity, has been a primary vehicle for giving among very wealthy donors, while community foundations, created to pool the contributions of individual donors and manage them for the benefit of the local community, are popular mechanisms for people of more modest means.
Alternatives
There are now a range of additional options for funders, including:
|
