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How Foundations Work: What Grantseekers Need to Know About the Many Faces of Foundations by Dennis P. McIlnay

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Chapter Six

Foundations as Entrepreneurs: How Program Officers View Risk Taking

We must always remember that there is not enough money for the work of human uplift and that there never can be. How vitally important it is, therefore, that the expenditure should go as far as possible and be used with the greatest intelligence!

JOHN D. ROCKEFELLER, RANDOM REMINISCENCES OF MEN AND EVENTS ( 1933, p. 154)

'Tis not enough to help the feeble up, but to support him after.

WILLIAM SHAKESPEARE, TIMON OF ATHENS, I, 1, 107

A common belief is that foundations are risk takers, suppliers of venture capital to people, projects, or organizations that rarely receive grants from convendonal donors such as corporations or government agencies. This is more folklore ...

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