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Quote of the Day (Dec. 7, 2007)

December 07, 2007

Quotemarks"The new billionaires and other people of means now entering the philanthropy sector are likely, by both size of their investment and their ideas about giving, to influence how foundations conceive of the relationship of mission, payout and lifespan. New, strong interest in the effectiveness of philanthropy and how to create greater impact may well result in the continued questioning of existing foundation procedures, and the discovery of new ways in which the vast and growing reservoir of charitable dollars can be used to benefit mankind."

-- Beyond Five Percent: The New Foundation Payout Menu

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  • "[L]et me assert my firm belief that the only thing we have to fear is...fear itself — nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance...."

    — Franklin D. Roosevelt, 32nd president of the United States

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