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Our Voice: Kate Wolford: A See Through Strategy

‚ÄčNovember 6, 2012 - Foundations are joining the transparency movement to better serve their "customers." (Interview with McKnight president Kate Wolford in the November issue of Twin Cities Business magazine.)

Private foundations are among the most independent of our society's institutions. Nearly all other enterprises -- businesses, nonprofits, governments--need customers of one sort or another to generate revenue. But an endowed foundation's customers are people and organizations who are given money. This positions foundations outside traditional market discipline.

Such independence has huge benefits, of course. Foundations can operate with a freedom of thought, outside of political boundaries, and with a high tolerance for risk-taking and testing new ideas...

Read the full interview at Twin Cities Business online