Giving Compass' Take:
- This piece is a part of the "Impact Giving Classics" library, curated by Stanford PACS.
What is Giving Compass?
We connect donors to learning resources and ways to support community-led solutions. Learn more about us.
Donors have left fortunes to charitable purposes, only to have their money given to causes they would never have supported. All too often, the trustees and staff of grant making institutions drift from intended goals, lose accountability, or pay insufficient attention to the principles that governed their founders’ charitable giving. In some cases, assets have been put to uses that would have repelled the original benefactors, turning a generous and well-intentioned gift into a punchline. This guidebook offers detailed guidance to philanthropists who want to ensure that the assets they dedicate to charity are disbursed as they intend. It identifies common pitfalls, explains relevant tradeoffs, and describes successful strategies used by other donors. It lays a broad range of options before you, and suggests ways you can define, secure, and perpetuate your charitable intentions. Chapter 4 focuses on finding the right Giving Vehicles to match your Mission