OK, so it’s looking like those big philanthropic organizations that get money from the Buffets and Waltons, etc. are essentially using that money to fund a handful of recipients who have specific symbiotic relationships with them (read high paid staff that are connected to the donors, etc.).
As opposed to say, funding more local or smaller foundations who could use the funds at least as efficiently, if not moreso.
Here’s a quote that may me ponder the issue:
“At least 60 percent of foundations do not accept unsolicited proposals, reports the Foundation Center, and as strategic philanthropy has become popular, many grant makers are making it clear that they want to support only organizations that are willing to carry out the foundations’ priorities, goals, and approaches.”
Interesting. I suspect some of the folks who frequent this site have first-hand knowledge of one or more elements of this equation. Care to share your perspective?
Link to article: http://www.huffingtonpost.com/pablo-eisenberg/donors-who-lavish-money-o_b_5577454.html