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| The Adolescent Society | Iraq war is 'lost' says Harry Reid |
by Christopher Chantrill
April 19, 2007 at 9:04 am
IT’S not just that charitable foundations often end up doing exactly the opposite of what their founders intended.
The problem is that they spend so much money doing it. As William Rusher writes:
Robert Wood Johnson’s charitable contributions for 2005 were a majestic $419 million. But the "administrative expenses" required to distribute this largesse totaled $69 million. Kellogg contributed $285 million, but chalked up "administrative expenses" of $65 million. And the Rockefeller Foundation, in the course of giving away $148 million, found it necessary to spend $36 million on you guessed it "administrative expenses."
That’s a pretty big tariff. Of course, when you are hobnobbing with grantees with expensive tastes no doubt you have to meet and beat their expensive tastes.
I mean, there’s an argument that in discussing compassionate and sensitive programs to help women and children with like-minded compassionate souls you can’t really be super-sizing it at McDonalds. A more nuanced location for nuanced thinking and planning is needed. And that costs money.
But still, giving yourself 25 cents of every dollar you give away does seem excessive.
Especially when you consider the case of The Walton Family Foundationyou know, the foundation founded by Wal-Mart founder Sam Walton.
The Walton Family Foundation managed to give away $232 million in 2005, while charging expenses of only $2 million. As Neal Freeman, Chairman of the Foundation Management Institute, remarked, "Ol’ Sam would be proud of that 1.2 percent mark-up."
Of course, Wal-Mart was always a low-rent corporation. No class.
Sphere: Related Content |Christopher Chantrill blogs at www.roadtothemiddleclass.com. His Road to the Middle Class is forthcoming.
The incentive that impels a man to act is always some uneasiness...
But to make a man act [he must have]
the expectation that purposeful behavior has the power to remove
or at least to alleviate the felt uneasiness.
Ludwig von Mises, Human Action
But I saw a man yesterday who knows a fellow who had it from a chappie
that said that Urquhart had been dipping himself a bit recklessly off the deep end.
Freddy Arbuthnot
Dorothy L. Sayers, Strong Poison
At first, we thought [the power of the West] was because you had more powerful guns than we had. Then we thought it was because you had the best political system. Next we focused on your economic system. But in the past twenty years, we have realized that the heart of your culture is your religion: Christianity.
David Aikman, Jesus in Beijing
[In the] higher Christian churches… they saunter through the liturgy like Mohawks along a string of scaffolding who have long since forgotten their danger. If God were to blast such a service to bits, the congregation would be, I believe, genuinely shocked. But in the low churches you expect it every minute.
Annie Dillard, Holy the Firm
Civil Societya complex welter of intermediate institutions, including businesses, voluntary associations, educational institutions, clubs, unions, media, charities, and churchesbuilds, in turn, on the family, the primary instrument by which people are socialized into their culture and given the skills that allow them to live in broader society and through which the values and knowledge of that society are transmitted across the generations.
Francis Fukuyama, Trust
In England there were always two sharply opposed middle classes, the academic middle class and the commercial middle class. In the nineteenth century, the academic middle class won the battle for power and status... Then came the triumph of Margaret Thatcher... The academics lost their power and prestige and... have been gloomy ever since.
Freeman Dyson, The Scientist as Rebel
Conservatism is the philosophy of society. Its ethic is fraternity and its characteristic is authority the non-coercive social persuasion which operates in a family or a community. It says we should....
Danny Kruger, On Fraternity
What distinguishes true Conservatism from the rest, and from the Blair project, is the belief in more personal freedom and more market freedom, along with less state intervention... The true Third Way is the Holy Grail of Tory politics today - compassion and community without compulsion.
Minette Marrin, The Daily Telegraph
When we received Christ, Phil added, all of a sudden we now had a rule book to go by, and when we had problems the preacher was right there to give us the answers.
James M. Ault, Jr., Spirit and Flesh
I mean three systems in one: a predominantly market economy; a polity respectful of the rights of the individual to life, liberty, and the pursuit of happiness; and a system of cultural institutions moved by ideals of liberty and justice for all.
In short, three dynamic and converging systems functioning as one: a democratic polity, an economy based on markets and incentives, and a moral-cultural system which is plural and, in the largest sense, liberal.
Michael Novak, The Spirit of Democratic Capitalism
There was nothing new about the Frankish drive to the east... [let] us recall that the continuance of their rule depended upon regular, successful, predatory warfare.
Richard Fletcher, The Barbarian Conversion
We have met with families in which for weeks together, not an article of sustenance but potatoes had been used; yet for every child the hard-earned sum was provided to send them to school.
E. G. West, Education and the State
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©2007 Christopher Chantrill