Small Can Be Effective

This chapter is excerpted from “Philanthropy: The High Estate,” part IV of Conscience & Community: The Legacy of Paul Ylvisaker, which was edited by NCFP Founder and President Virginia Esposito and published by Peter Lang Publishing in 1999. In it, Ylvisaker provides examples and illustrations of the range and variety of the devices by which foundations, whatever their size, can exercise and maximize their effectiveness. Interestingly, only a few directly involve the transmission of money.

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