Foundations find benefits in facing up to failures - International Herald Tribune

Foundations find benefits in facing up to failures - International Herald Tribune: "Foundations find benefits in facing up to failures
By Stephanie Strom
Published: July 26, 2007

Among the reports on a coffee table in the Carnegie Corporation's reception area is one on the foundation's efforts to help Zimbabwe overhaul its Constitution and government.

It gets straight to the point: 'This is the anatomy of a grant that failed.'

Just a few years ago, it would have been astonishing for a foundation, particularly one as traditional as Carnegie, to publicize a failure. Thursday, though, many of the nation's largest foundations regard disclosing and analyzing their failures as bordering on a moral obligation."