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Friday, November 17, 2017

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White House Aims to Boost Spending, Investment by Foundations
Suzanne Perry of the Chronicle of Philanthropy

May, 2012

The Obama administration has proposed new rules designed to encourage foundations to spend money to promote the social good in ways other than grants, for example through low-interest loans or stock purchases in for-profit companies.

Foundations have historically been reluctant to use such program-related investments “because of confusion about how they work and the high costs associated with them,” Jonathan Greenblatt, a White House official, said in a blog post.

Please read mor of this very interesting article at  http://philanthropy.com/article/White-House-Seeks-to-Spur/131840/?sid=pt&utm_source=pt&utm_medium=en



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