« Melinda Gates Interviewed by Walt Mossberg | Main | 'Meet the Press' Host Tim Russert Dies »

Quote of the Day (June 10, 2008)

June 10, 2008

Quotemarks"...Foundations are private, not public, institutions. They cannot function like governments. The responsibility of meeting the public interest is in the hands of government, not private foundations. Government has provided the tax exemption for charitable institutions in the belief that charitable activities can be better carried out by private organizations than by government itself. The government recognized, when it took this step, that there are many different kinds of charitable activities that may be carried out by many different types of organizations. The public interest is served not by each individual organization, but by the diversity of organizations and purposes that come into being as a result of the general encouragement provided by the tax exemption...."

-- Michael S. Joyce, "Letter to the Council on Foundations" (1984), from Giving Well, Doing Good: Reading for Thoughtful Philanthropists


Feed You can follow this conversation by subscribing to the comment feed for this post.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Comments are moderated, and will not appear until the author has approved them.


Quote of the Week

  • "[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

Subscribe to Philantopic


Guest Contributors

  • Laura Cronin
  • Derrick Feldmann
  • Thaler Pekar
  • Kathryn Pyle
  • Nick Scott
  • Allison Shirk

Tweets from @PNDBLOG

Follow us »