Most grant-making foundations in the United States operate on very modest budgets, are largely unstaffed and are run by unpaid trustees. But that's where their similarities end. A fierce, slow-motion debate has been raging about how much is appropriate for them to spend on staff, overheads, trustees, and administrative expenses. To underscore how dissimilar the spending needs of similar-sized foundations can be, a new report was released on Feb. 3 that “cautions against the ‘one size fits all
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