Friday, May 29, 2009

FayObserver.com - "Philanthropy must adapt to change

FayObserver.com - Current Article Page: "Philanthropy must adapt to change

By Hodding Carter III
Chapel Hill


Private foundations are among the greatest of American innovations. They funnel private wealth into tax-sheltered institutions that in turn support public institutions and purposes. At their best, they have been catalysts for civic and cultural development, economic revitalization and educational innovation."

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