Wednesday, December 22, 2010

WSJ: Foundations Rethink Going Long

The Wall Street Journal reports that a growing number of wealthy families are opting to limit the lifespans of their private foundations.   Based on conversations with financial advisers and a 2008 survey of small foundations, the article finds that such families are concerned not only about mission drift but also the "dead hand" problem and financial uncertainty.  The survey found that 12% of family foundations planned to limit their life spans, and other 25% had not ruled out doing so.


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