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I encourage right-wing foundations to spend lavishly on new translations of already translated classics of political philosophy.
The law requires foundations to spend a minimum of just 5percentt of their assets a year, thus helping ensure their perpetual existence, and their donors' immortality.
Dowie also touches, if only lightly, on an idea that some reformers believe would be better: to require foundations to spend more -- perhaps even to spend it all.
On Thursday at the White House, President Barack Obama unveiled a new initiative, created through executive order and partnering with businesses and foundations to spend $200m (maybe) over five years, "to help young men of color stay out of prison, stay out of jail".
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His unprecedented bounteousness will allow the Gates foundation to spend $3bn a year.
One in five larger charities is said by the foundation to spend less than 50%.
Mr. Slim has said that he would form a foundation to spend $100 million to help clean up its congested center.
The will directed the foundation to spend part of the fortune setting up a Chinese version of the Nobel Prize.
The Berbers' endowment covers all of Glimmer's operating costs, which has allowed the foundation to spend $40 million and counting to help alleviate poverty in Ethiopia.
The New York Times reported yesterday that delays by the Park Service and reluctance by the foundation to spend its money have prevented the statue's reopening, two and half years after the Sept. 11 terror attack forced the closing of major American landmarks.
To speed up his four grown daughters' charitable learning curve, Gallagher hired the former head of Ben & Jerry's corporate foundation to spend a day with his family.
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