The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Pozen Pushes a New Type of Charity Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 04, 2012

Pozen Pushes a New Type of Charity

News summary by MFWire's editors

Robert Pozen has an op-ed in the Wall Street Journal today supporting a recent clarification to the rules for charitable giving that would make it easier for start-ups to raise money. The former MFS chairman, now a senior fellow at the Brookings Institute, thinks that the change proposed by the Treasury Department, which would allow foundations to make "program-related investments" to private companies, could encourage foundations to shift their giving away from research universities and toward commercial companies.

Pozen thinks that this type of giving "can be more effective in certain situations. Some of the world's most talented scientists work in commercial companies. And they have a financial incentive to make breakthroughs in areas that foundations consider vital to their charitable mission."

If a foundation makes a grant to a company that leads to a breakthrough, Pozen writes, the foundation can win big. "Imagine that an Alzheimer's foundation's investment leads to a blockbuster drug. That drug would improve the lives of Alzheimer's patients, and the foundation would realize a return that would replenish and grow its endowment." 

Edited by: Chris Cumming

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use