If I had to name one difference between private foundations (PFs) in the 20th and 21st centuries, I would use one word: “involvement.” In both centuries, plenty of PFs have made grants to operating public charities, without expecting anything in return other than an annual report from the grantee. But I recently realized, looking back on the first decade of the 21st century, that something had indeed changed among the foundations I work with: I've been involved with far more private operating
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