It has never been easy to explain the practice of philanthropy to the uninitiated. Confusing philanthropy with charity, many people tend to wonder what can be so hard about giving money away.
Time Limited Philanthropy
It wasn’t too long ago that very few philanthropic foundations were designed, or would come to decide, to spend down their endowments and go out of business.
Seattle-based Quixote Foundation recently announced its intention to "spend up" its endowment over the next seven years.
Founded by the late Arthur Stuart Hanisch and named in honor of the idealistic Knight of La Mancha, Quixote funds progressive organizations in four areas of interest: environmental equity, U.S. reproductive rights, U.S. election integrity, and U.S. media reform.