Comments on: Katherine Fulton - “The Deeper News About the New Philanthropy” http://blog.longnow.org/2006/11/03/katherine-fulton-the-deeper-news-about-the-new-philanthropy/ The Official Weblog of The Long Now Foundation and Friends Sun, 12 Oct 2008 07:19:34 +0000 http://wordpress.org/?v=2.2.3 By: Ted Krum http://blog.longnow.org/2006/11/03/katherine-fulton-the-deeper-news-about-the-new-philanthropy/#comment-4808 Ted Krum Thu, 10 Jul 2008 17:28:22 +0000 http://blog.longnow.org/2006/11/03/katherine-fulton-the-deeper-news-about-the-new-philanthropy/#comment-4808 I am aware of very few examples of private foundations, or other asset pools, that have been successfully managed for long-term survival. One is the trusts created by the will of Benjamin Franklin, in Boston and Philadelphia which made economic development micro-loans to skilled tradespeople. Franklin stipulated that they terminate in 200 years, and the Philadelphia trust, at least, was sufficiently successful at that time to fund the establishment of the Franklin Institute. The other example was the creation of the Sailors' Snug Harbor, by a will crafted by Alexander Hamilton, for a successful sea captain who wished to create an old age home for retired merchant seamen. The institution is still in operation today. I would be interested to collect other stories of successful long-term trusts, estates, or foundations around the world, that would help modern philanthropists understand how to create durable institutions. Would anyone with such information, or leads, please email me at tokrum@aya.yale.edu? I am aware of very few examples of private foundations, or other asset pools, that have been successfully managed for long-term survival. One is the trusts created by the will of Benjamin Franklin, in Boston and Philadelphia which made economic development micro-loans to skilled tradespeople. Franklin stipulated that they terminate in 200 years, and the Philadelphia trust, at least, was sufficiently successful at that time to fund the establishment of the Franklin Institute.

The other example was the creation of the Sailors’ Snug Harbor, by a will crafted by Alexander Hamilton, for a successful sea captain who wished to create an old age home for retired merchant seamen. The institution is still in operation today.

I would be interested to collect other stories of successful long-term trusts, estates, or foundations around the world, that would help modern philanthropists understand how to create durable institutions. Would anyone with such information, or leads, please email me at tokrum@aya.yale.edu?

]]> By: Long Views » Blog Archive » Long Term Philanthropy http://blog.longnow.org/2006/11/03/katherine-fulton-the-deeper-news-about-the-new-philanthropy/#comment-3273 Long Views » Blog Archive » Long Term Philanthropy Mon, 14 Jan 2008 19:23:06 +0000 http://blog.longnow.org/2006/11/03/katherine-fulton-the-deeper-news-about-the-new-philanthropy/#comment-3273 [...] a possible trend in longer term giving in last week New York Times.  It dove tails well into the Katherine Fulton’s seminar on the “New Philanthropy” (with Larry Brilliant and Richard Rockefeller).  It seems to [...] […] a possible trend in longer term giving in last week New York Times.  It dove tails well into the Katherine Fulton’s seminar on the “New Philanthropy” (with Larry Brilliant and Richard Rockefeller).  It seems to […]

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