Leveraging All of Your Assets
In a 1989 monograph Small Can Be Effective, the late family foundation trustee Paul Ylvisaker outlined 20 functions of philanthropic foundations and funds. Surprisingly, only a few of these functions necessarily involved money changing hands.
While grantmaking is an indispensable and significant part of philanthropy, many foundations combine all their assets to increase their giving potential. This issue of Family Giving News reviews the myriad ways family funds are supplementing their grantmaking with creative investments of their own time, talent, resources and expertise.