Diversity the strength of U.S. giving

Diversity the strength of U.S. giving: "Diversity the strength of U.S. giving

By SUSAN V. BERRESFORD
GUEST COLUMNIST

The emergence of a new generation of entrepreneurs-turned-philanthropists offering their fortunes to tackle pressing problems has prompted reports of a philanthropic divide -- a generation gap between established foundations and their young counterparts. Such phrases as 'venture philanthropy' and 'social entrepreneurship' are in vogue. New foundations are said to be ambitious, strategic, entrepreneurial, innovative and focused on measurable results. Established foundations are said to lack those qualities."