The Source Codes of Foundation Culture
Philanthropy evolves slowly, despite (or maybe because of) very few external constraints or imperatives. Historically, good stewardship of philanthropic resources has focused on preserving capital and growing assets for the benefit of future generations. But given the complex, evolving nature of challenges like poverty and climate change, as well as what we have learned about how best to support nonprofit success and community impact, we must shift our conception of good stewardship in order to make significant progress in solving large-scale problems.