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What Role Should Philanthropy Play in Local Communities?

What obligations — if any — do foundations and new donors have to local communities in which they are based? And what role should they play in addressing rising income inequality? Many would argue that the issues donors care about — often a personal decision — should be the only determinant of a foundation’s grantmaking. But we believe that foundations have some obligation to the places where their donors have lived and built their companies, and that they should also help the least well off


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