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Anderson","","Quarterly fund-raising bulletin issue presenting an address by Paul R. Anderson, President of Chatham College, excerpted from the Eighth Annual Meeting of the National Committee on Community Foundations. The text discusses the development and role of foundations in American philanthropy, evaluating practices such as terminal grants and the “venture capital” concept, and arguing for continuing, intelligent support. It examines functions of foundation executives, community foundation constraints, and key decisions about areas of interest, including cultural 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does the address discuss foundations as important developments of the twentieth century?","Question",{"text":112,"@type":113},"It explains that foundations act as repositories for philanthropic dollars and have been encouraged by government, growing in number and varying in purpose and size.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What is the critique of “venture capital” and terminal grants?",{"text":117,"@type":113},"The address argues that sending foundation money mainly into untried, experimental work can lead to terminal grants and abandoning good ideas due to restrictive funding.",{"name":119,"@type":110,"acceptedAnswer":120},"What issues does the address raise for community foundations as they grow?",{"text":121,"@type":113},"It emphasizes the need to refine purposes and procedures, focusing on which areas the foundation should support with undesignated funds and what areas to recommend for donors’ designated 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FUND-RAISING (0UN SE L  \nFund-Raising  \nJAN 3158  \nQuarterly Issue  \nVol.4  \n# ''A BRIEF FOR CULTURAL GRANTS'\n\nby Paul R.Anderson  \nPresident,Chatham College  \nExcerpts from an address at The Eighth Annual Meeting of the  \nN ATIONAL COMMITTEE ON COMMUNITY FOUND AT I ON SAtlantic City,New Jersey,May 16-17,1957  \nbut in exercising discernment and wisdom in selectingamong worthy causes those most likely to provide th:greatest good at the least cost.  \nOne of the great developments of the twentieth centuryin America is that of the foundation,a temporary and insome cases semi-permanent depository for the philan-thropic dollar.Tax-hungry Uncle Sam has greatly en-couraged their birth.They have appealed as an easy wayof covering annual giving as well as an enlightened meansof serving broad human needs.They grow daily in num-ber.They vary as much in purpose as they do in size.They are praised for what they do in dramatizing prob-lems such as that of faculty salaries and they are damnedfor hoarding private fortunes.In any and all events thefoundation is here to stay,dedicated ultimately if not inimmediate intent to the proposition that it is great to givewhatever one receives.  \nThe rapid development of the foundation and itsincreasing importance in the field of philanthropy de-mand a re-evaluation of the scope,function,and proce-dures in foundation activity.The early large nationalfoundations set patterns of thought and action which arestill common currency in the field and which are notuniversally applicable,even questionable at points.Takethe concept of \"venture capital,\"the belief that founda-tion money should go in large part to suppori the untried,the experimental.This has led in practice to terminalgrants.The foundation says,\"This is a good idea.We'llhelp you get it started.If it proves itself,it will un-doubtedly get support elsewhere for the long pull.\"Ex-perience has clearly demonstrated that many good ideashave had to be abandoned because of the restrictive,terminal grant.There is no legitimate reason why a foun-dation shouldn't give continuing support to its own chil-dren.There is no special virtue in desertion,and fosterparents are not always in sight,no matter how attractivethe child.No one objects to \"venture capital\"but neithershould one object to a foundation nurturing its offspring.  \nThere is no other instrumentality quite like thefoundation.You have no idea with what envy many of uson the receiver's side regard you in your function asadministrators.One of my very good friends moved froma college presidency to a foundation job.Some monthslater I remarked on how wonderful it must be not to haveto worry as to how your budget can be balanced and hesaid in turn,\"I've already found out how much moredifficult it is to give intelligently than it is to ask for it.”I've not been able to buy this observation entirely,but Imust admit that the problem of the foundation executivegrows every year in complexity as appeals increase,needs change,and the element of competition amongfoundations grows stronger.The real challenge to theexecutive is not in supporting something worthwhile,  \nTake another so-called principle,namely,that nofoundation should match the grant of another.\"Seed-money,\"so the argument goes,is designed to stimulatesupport;it should encourage a broad base of giving;iffoundations match each other the purpose is negated.I  \nfind this argument exceedingly weak.That two founda-tions give support to the same project is not to dry upother sources;the strength of their joint effort is morelikely to augment the effectiveness of a broad appeal.And even if it didn't,there is no reason why two or morefoundations might not see eye to eye on the virtue ofany given proposal and give it their common blessing.What is wrong with“group work”among foundations?  \nI am not trying to argue that foundation practice inthe past has been wrong;I am a","cbCaiieE2NyyhaXq","https://ap.wps.com/l/cbCaiieE2NyyhaXq","pdf",326851,"English","# A BRIEF FOR CULTURAL GRANTS\n## Foundations in American Philanthropy\n## Functions and Areas of Interest","[{\"question\":\"Why does the address discuss foundations as important developments of the twentieth century?\",\"answer\":\"It explains that foundations act as repositories for philanthropic dollars and have been encouraged by government, growing in number and varying in purpose and size.\"},{\"question\":\"What is the critique of “venture capital” and terminal grants?\",\"answer\":\"The address argues that sending foundation money mainly into untried, experimental work can lead to terminal grants and abandoning good ideas due to restrictive funding.\"},{\"question\":\"What issues does the address raise for community foundations as they grow?\",\"answer\":\"It emphasizes the need to refine purposes and procedures, focusing on which areas the foundation should support with undesignated funds and what areas to recommend for donors’ designated gifts.\"}]","A BRIEF FOR CULTURAL GRANTS - Paul R. Anderson | PDF",1789972279]