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It contrasts the apparent “renaissance” of philanthropy with the risk of long-term structural defects that can lead to disaster. The talk argues that charitable trusts established in perpetuity face tests of social effectiveness beyond simple financial return, highlighting the difficulty of measuring impact and value over generations.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":15,"@type":76,"position":81},"https://docshare.wps.com/document/literature/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/frozen-funds-a-talk-by-ralph-hayes-director-of-the-new-york-community-trust/323496/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/frozen-funds-a-talk-by-ralph-hayes-director-of-the-new-york-community-trust/323496.png","ImageObject",300,407,{"name":92,"@type":93},"Theodore","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-23","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":44},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"Who delivered the talk titled \"Frozen Funds\"?","Question",{"text":112,"@type":113},"Ralph Hayes delivered the talk as Director of The New York Community Trust.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What central trend does the talk discuss about charitable benefactions?",{"text":117,"@type":113},"It describes a large and increasing volume of public charitable benefactions over the past decade and the optimism around new philanthropic grants.",{"name":119,"@type":110,"acceptedAnswer":120},"Why does the talk argue that long-term trusts require more than financial evaluation?",{"text":121,"@type":113},"Because charitable trusts can be established in perpetuity, their social effectiveness depends on structural reliability over generations, and the impact cannot be fully measured with simple financial units.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},323496,1791401214,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":14,"category_name":15,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":44,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145},7971461740886,"https://ap-avatar.wpscdn.com/davatar_3d24733baf745e90a7e4bdd5f77d97b2","97-84136-13Hayes,Ralph  \nFrozen funds  \n[New York]  \n# COLUMBIA UNIVERSITY LIBRARIESPRESERVATION DIVISIONBIBLIOGRAPHIC MICROFORM TARGET\n\nORIGINAL MATERIAL AS FILMED-EXISTING BIBLIOGRAPHIC RECORD  \nOCLC:  36999681Rec stat:nEntered:19970602Replaced:19970602Used:19970602Type:  aELvl:  KSrce:dAudn:ctrl:Lang:  engBLvl:  mForm:aConf:0Biog:MRec:ctry:  nyuCont:GPub:Fict:0Indx:0Desc:  aIlls:Fest:0DtSt:SDates:1926,1  040PR1 Vc PR1h    dyd a ve f vf a---vg b vh a vi cvj p2007h vb d a aL3  007h vb d vd af vf a---vgbvha vi a4007h b d vd af vf a---vgbvha vi bP“5049PR1A廿61001Haves,Ralph.L724510Frozen funds vh [microform]:vb a talk /vc by Ralph Hayes.[New York:b The New York Community Trust,Vc 19261L8260L930024 p.;Vc 21 cm.L104404The story of the Community Trust ;Vv no.911500Caption title.  \nL  \nL  \n Reproductions may not be made withoutpermission from ColumbiaUniversity Libranies.                  \n## RESTRICTIONS ON USE:\n\n# TECHNICAL MICROFORM DATA\n\nFILM SIZE:          35mmREDUCTION BATIO:          9:/MAGE PLACEMENT:IAIAIBIB  \nDATE FILMED:                     819  INITIALS:                  II  \nTRACKING\\#:                                                                                              23759  \nFILMED BY PRESERVATION RESOURCES,BETHLEHEM,PA.  \n308Z  \n多  \n女061“E20  \nUuHualus Sy?  \n12-2·2G  \nIF Rip Van Winkle had overslept and wereonly now awakening,one of the spectaclesthat would cause his aged eyes to roll in wonderis the ramifying collection of foundations,en-dowments,memorial grants and trust fundsaccumulated while he slumbered.Some,it istrue,are of ancient origin but their spectacularexpansion has come in recent years.  \nMore of them are announced daily,and thehopes of their donors are heralded in optimisticheadlines.  \nAs these new benefactions multiply,it is per-tinent to inquire how the old ones have fared,and that inquiry reveals a recurring structuraldefect that has brought many of them to dis-aster.  \nThese pages describe a method built uponthe lessons of the past to preserve funds here-after established from future futility.The out-line sketched herein will be amplified at therequest of those who wish a detailed statementof it.  \nTHE NEw YoRK CoMMUNITY TRUST120 Broadway  \nFrozen Funds  \nA talk by Ralph Hayes,Director of The NewYork Community Trust,before TheAssociation of the Bar of theCity of New York.  \nThe volume of benefactions for public char-itable purposes during the past ten years issomewhere in excess of $2,000,000,000.Thatis a sum large enough to have paid the bill forthe American Revolution and left a surpluswhose interest alone would have supported an-other war of the same size continuously from1776 until today.  \nSome of the causes of this renaissance of phil-anthropy are obvious.There is more surplusproperty possessed by large portions of the popu-lation,in this day and this country than in for-mer times and other countries,and some of thatsurplus has gone into public benefactions.··For some more of the total,the tax gatherer isresponsible.From time out of mind the statehas reduced or removed the burden of taxationfrom gifts and bequests meant for the commonuse,and in these times of post-bellum sur-taxesand super-taxes,that is no mean persuader.··And in addition,it is becoming more commonlytrue that men who have scrambled up the rockyroad to wealth have scant enthusiasm for depriv-ing their sons of all incentive for making some-thing of the same struggle.Each time thenewspapers describe the misadventure of somegilded youth whose imported racing car turnsturtle between the country club and breakfast,or who otherwise cracks under the strain ofhaving to spend the family fortune before sun-rise,the moral becomes more apparent thatdumping unearned dollars into young,uncal-loused hands may be a hazardous procedure,andthe conviction becomes more general that adecent solicitude for insuring one's children'scomfort need not go to the extreme of consigningthem to a permanent seat in the soft and en-.ervating lap of ","cbCairhU4JuO0fBw","https://ap.wps.com/l/cbCairhU4JuO0fBw","pdf",803676,18,"English","# Frozen Funds\n## Columbia University Libraries preservation division\n## Restrictions on use\n## Technical microform data\n## A talk by Ralph Hayes","[{\"question\":\"Who delivered the talk titled \\\"Frozen Funds\\\"?\",\"answer\":\"Ralph Hayes delivered the talk as Director of The New York Community Trust.\"},{\"question\":\"What central trend does the talk discuss about charitable benefactions?\",\"answer\":\"It describes a large and increasing volume of public charitable benefactions over the past decade and the optimism around new philanthropic grants.\"},{\"question\":\"Why does the talk argue that long-term trusts require more than financial evaluation?\",\"answer\":\"Because charitable trusts can be established in perpetuity, their social effectiveness depends on structural reliability over generations, and the impact cannot be fully measured with simple financial units.\"}]","Frozen Funds - A talk by Ralph Hayes - Director of The New York Community Trust | PDF",1789965359,28]