Exit Strategy
Some sage once remarked, “It is easier to put your hand into a machine than it is to remove it.” Grant relationships are much like that machine. A foundation should never get into one without an idea of how it will get out. More strictly speaking, a foundation needs exit strategies tailored to fit the many different kinds of grants they make. For some grants, the commitment is for a single year for a defined project, and that is that. For others, the commitment is the first in a series that may stretch for dozens of years, with the exit occurring only when a significant societal change has occurred. And there are all types of exit strategies in between these two extremes.
The most important piece of advice when it comes to exit ...
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