Philanthropy tends to pride itself – not always accurately – on being society’s big risk-taker. Whenever I hear the claim, I find myself asking (silently): Is that true? What’s more, is it even desirable?
Robert Gallucci, president of the John D. and Catherine T. MacArthur Foundation, one of America’s ten largest by asset size, posed those questions out loud at a recent session of the Sanford School’s Foundation Impact Research Group. Here’s what he said, in part: