The Chronicle, 12/3/2004: Leader of Major Foundation Group to Step Down Next Year: "Leader of Major Foundation Group to Step Down Next Year
By Holly Hall
Washington
Dorothy S. Ridings, president and CEO of the Council on Foundations, has announced that she plans to resign next year. Ms. Ridings, 65, has led the council -- which represents 2,000 foundations, including many of the nation's largest and wealthiest grant makers -- since 1996. She said that she will leave the council after a successor is named.
The announcement of Ms. Ridings's departure, which some in the nonprofit world greeted with surprise, comes during a period of intense scrutiny by Congress into foundation operations, including allegations that compensation of foundation executives is too high and that grant makers are spending too much on administrative expenses. The Senate Finance Committee is widely expected to consider new regulations in 2005 that could place new restrictions on how foundations operate."
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