In an exposé published in 2003, The Boston Globe reported that officers and directors at scores of foundations were themselves the principal beneficiaries of their foundations' assets, receiving compensation packages that sometimes surpassed what those foundations actually gave to charity.1 The Globe series — along with other media reports and an ongoing congressional inquiry spearheaded by Senator Charles Grassley (R-Iowa) in 20042 — set off a national and political debate about ...

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