Let the good times roll, no? Maybe not. When it comes to grantmaking foundations and whether they should roll on forever, there are mixed opinions.
Anecdotal though it may be, history shows that, even during their lifetimes, founders of institutions of charitable giving often have their missions overtaken or redirected by staff, trustees and, especially, by family members who are determined to advance a different vision of the good than the one intended by the founder.
So, what is the titan of industry or the Powerball winner to do? Having accumulated wealth and desiring to share that largesse in specific and generous ways, should said titan be suspicious that his or her endowed bounty might be expended, decades hence, on things quite at odds with his or her principles? Or is this hogwash and fearmongering born of a few overhyped cases of abuse?
The Center for Civil Society will take on the subject of the proper relationship between legacy, longevity, and donor intent in the second episode of its Givers, Doers, and Thinkers Webinar Series, scheduled for Monday, October 18th, at 3:00PM (ET). Hosted by Center director Jack Fowler, it will feature three important thinkers (and doers!) who are experts in the matter of philanthropic endurance: Dick DeVos, Heather Higgins, and John J. Miller.
By helping participants assess a critical, practical issue that influences charitable giving and philanthropic planning—and may possibly preclude over-the-horizon calamities—this webinar is sure to provide guidance to the allies of strengthening civil society.