Grant Maker Dilemma: Spend More Now or Protect Shrinking Endowments?

Others in philanthropy are making the same entreaty. Dana Kawaoka-Chen, executive director of Justice Funders, a California group that pushes foundations to promote social justice, published a blog post urging foundations to distribute the fortunes sitting in their endowments. In the Chronicle, an opinion piece written by Aaron Dorfman, CEO of the National Committee for Responsive Philanthropy, and Ellen Dorsey, executive director of the Wallace Global Fund, says foundations would be making a grave mistake if they retrenched during the crisis.

Read the entire story in The Chronicle of Philanthropy.