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Yet, he said, he appreciated the appeal of limited-life foundations: less worry about mission drift — that grants will stray from the donor's intent with each succeeding generation — and the possibility that control over the foundation might someday shift to people outside the family.
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If you'd known, would you have given the foundation less of a share?
But it remains a deeply divisive topic in Philadelphia and in the art world, as does the way the institution will treat the legacy of Barnes, who viewed his foundation less as a museum than as a school.
The budget for the new foundation, less than $4 million at the time, became available 2 years later, in 1952.
TV inspiration Yvette Bowser has joined the board of the Next Generation Choices Foundation ("Less Cancer").
But it also was a relationship built on what now looks like a rickety foundation — less about think-tank-driven policies and more about voter outrage against perceived elitism.
When applying foundation, less is more.
"[H]ow can we shun them," she asks rhetorically, "when they won't go away?" Kipnis goes on to chastise the rest of us for enabling these public acts of quasi-contrition; that is, for maintaining a foundation-less morality that'll let anyone off the hook and forgive any kind of hypocrisy.
By far, the biggest growth was for foundations with less than $10 million in assets.
In Oakland and San Francisco district foundations raise less than $100 a year per child.
The Bill and Melinda Gates Foundation, with $32 billion in assets, is a family foundation, but a majority of such foundations had less than $1 million in assets.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com