Cre8tive Philanthropy

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Investment and innovation in the for-profit social impact community.

University Foundations… just giant academic Hedge Funds?

Communities of well-endowed universities, such as Princeton, are starting to look at these wealthy universities with no-so-rosey colored glasses. Such educational institutions are not often required to pay local or property taxes yet, as the citizens see it, they have investment pools in the billions (even after the losses of the past few years). Some in the Princeton community accuse the university of being a hedge fund with an academic arm. This is a dangerous perception, from a political, regulatory, and social viewpoint. The local, regional, and national view of major endowments and foundations impacts the perception of philanthropic funds of all types. It is important for philanthropic entities to “play fair” and be humble in their generosity – lest we ruin the reputation of philanthropy for all.

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Filed under: Foundations, Giving, Philanthropy

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