What is the story about?
What's Happening?
Philanthropic organizations are being called to overcome four common traps that hinder their ability to support civil society effectively. These include the all-or-nothing trap, risk-aversion trap, governance trap, and legacy trap. The Scherman Foundation and the Foundation for Child Development are highlighted as examples of organizations that have successfully navigated these challenges by increasing payouts and aligning governance with mission goals. The call to action emphasizes the need for strategic adaptations to enhance effectiveness and support social justice initiatives.
Why It's Important?
This call to action is significant for U.S. philanthropic organizations as they face increasing political pressure and societal challenges. By addressing these traps, foundations can better support civil society and advance social justice. The strategies outlined provide a framework for foundations to increase their impact without compromising long-term sustainability. This approach is crucial for maintaining the integrity and effectiveness of philanthropic efforts in a rapidly changing social and political environment.
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