Foundations don’t practice what they preach: "Philanthropic foundations are like old-fashioned slot machines. They have one arm and are known for their occasional payout.
Although the term “mission-related investing” found its way into the lexicon of philanthropy decades ago, the finance committees of most foundations continue to manage their endowments like investment bankers. Their portfolios give no hint that they are institutions whose purpose is the public benefit. There is a chasm between mission – grantmaking – and investment. The logic of a synergy between the two has yet to take hold."
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