The article discusses how community power building can be enhanced by transferring rents and royalties directly to local groups, rather than allowing donors to accumulate wealth. It critiques the standard philanthropic business model, which prioritizes investment growth over charitable spending, and highlights the lack of transparency in how philanthropic foundations operate. Recent organizin efforts stress the importance of community-oriented investment strategies, challenging traditional norms that favor endowment preservation instead of immediate social impact.
Asset transfers that enable rents and royalties to accrue directly to community groups limit a donor's accumulation of wealth on those assets.
Historically, endowment investment portfolios have been managed by mainstream advisers instructed by "investment policy statements" to maximize returns.
Collection
[
|
...
]