When the donor becomes the decider | The Daily Texan

When the donor becomes the decider | The Daily Texan: The past two decades have seen this attitude morph into something different. Foundations have become increasingly like venture capitalists. They have turned to a strategic decision making process — with respect to grants — with an emphasis on the effectiveness of the end results. Recipients of grant money must deliver tangible results in the short term rather than field-changing breakthroughs over the long term.