These Two $1M Grants Are a Waste of Money
At a time when small grassroots, advocacy and watchdog nonprofits are desperately fighting to maintain their precarious budgets, two recent million-dollar grants to two established, well-financed organizations seem inappropriate and a waste of philanthropic resources.
It is hard to tell why the Ford, Hewlett, Packard, Kresge and Robert Wood Johnson foundations and the Rockefeller Brothers Fund would combine to provide general support funding to The Center for Effective Philanthropy, based in Boston, and Grantmakers for Effective Organizations, an affinity group of the Council on Foundations, both of which already receive ample financing from the foundation world.
The Chronicle of Philanthropy labeled the grants as akin to MacArthur genius awards for nonprofits.
