Achieving Results | Proper Oversight | State Legislation
Dec 7, 2010
Whose Money is it Anyway?
New op-ed raises debate about donor intent and private foundation money
Recently Peter Wood, president of the National Association of Scholars, posted an op-ed in the Chronicle of Higher Education in defense of donor intent and philanthropic freedom - what we believe is the right of donors and foundations to give to the issues, causes and organizations they value in the manner they choose, consistent with the law. He highlighted recent efforts to curtain this freedom by some activist groups including AB 624.
He notes: “American higher education depends profoundly on philanthropy, and whatever threatens philanthropy threatens American higher education… [t]here is actually a more serious threat that was much in the news… the effort to force foundations to “greenline” their philanthropy.”
The Greenlining Institute responded yesterday with an op-ed arguing among other issues for greater foundation transparency and diversity.
Peter Wood continued the debate by responding to Greenlining’s comments.
We’ll continue to follow this debate and keep your posted.
For the full debate visit:
11/17 Generosity, Trussed - by Peter Wood, National Association of Scholars
12/7 The Greenlining Institute Responds to Peter Wood - by Orson Aguilar and Bruce Mirken, Greenlining Institute
12/7 Who Owns Philanthropy? - by Peter Wood, National Association of Scholars