It is about trying to look good to whoever is on power, I guess.
But it seems that most philanthropies, if they intend to establish something enduring, especially a school or hospital, that they usually have an endowment and a board that will be self-sustaining, and it is not dependent on the ongoing largesse of the philanthropist himself. That seems fraught with peril in several ways.
I hope that the beneficiaries of these schools were informed in advance that their ongoing existence was not guaranteed, so that they could make appropriate contingency plans. I myself have been involved in plenty of projects which depended on ongoing grant proposals, and therefore we didn't bank on future years until the funds were all in place.
There's got to be an inherent defect somewhere.
redczar•14h ago
xenospn•11h ago
redczar•8h ago