Nonprofit Chronicles

Journalism about nonprofit organizations and their impact

America’s foundations spend many millions of dollars every year on investment advice. What do they get in return? Bubkes.* You read that right: Money that could be spent on charitable programs — to alleviate global poverty, help cure disease, improve education, support research or promote the arts —instead flows into the pockets of well-to-do investment advisors and asset …

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With a collective $800 billion in assets under management, America’s big foundations spend vast sums of money to buy investment advice. They’re getting little, if anything, of value in return. Their own investment offices, and the Wall Street banks, hedge funds, private equity firms and consultants they hire, when taken together, deliver investment returns that …

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Last week, ExxonMobil added Susan Avery, a physicist, atmospheric scientist and former president of the Woods Hole Oceanographic Institutions, to its board of directors. Shareholder advocates, led by the Interfaith Center on Corporate Responsibility (ICCR), which has been organizing shareholder campaigns at ExxonMobil for nearly two decades — yes, two decades — welcomed the appointment. …

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It would appear, at first glance, to be a simple problem to solve: An estimated 3 billion of the world’s poorest people cook their meals over open fires–fires that make them sick, pollute the air and generate carbon emissions. Providing those people with efficient cookstoves improves their lives and the health of the planet. But …

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In an opinion piece for the Chronicle of Philanthropy last spring headlined Foundations Must Move Fast to Fight Climate Change, Larry Kramer, the president of the William and Flora Hewlett Foundation, and Carol S. Larson, the president of the David and Lucile Packard Foundation, wrote: Climate change is the defining issue of our day. It is an …

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