Transparency has become a watchword in private philanthropy, but far too much of the discussion of this timely topic remains steeped in opinion rather than research. A new Foundation Review article reports critically important and some surprising findings from new research not previously addressed in foundation literature. This article provides new guidance regarding potential benefits and risks inherent in foundation transparency practices. Foundations should carefully consider their transparency-related policy/strategy from perspectives framed in this article.
The article is available for free download at the Foundation Review. I encourage you to read this article as you think about transparency within your foundation. A tip of the hat to colleague and author Bob Reid, CEO of the J.F Maddox Foundation!