Episode notes
Private foundations are tax-exempt entities that serve a charitable purpose. In the US, they have about $1.5 trillion in assets under management. How much, you may wonder, are they required to spend on mission-driven activities each year?
Five percent.
Which is why my friend and guest Rodney Foxworth is helping these organizations think through the other 95% and whether that part of their operations will look like every other profit-maximizing pool of money around the world or something that also supports their charitable mission.
Episode Guide
1:37 Rodney's birthday celebrations used to be known across several states.
2:53 His name sounds a little too on the nose.
4:13 Rodney's money origin story
9:50 How his firm Worthmore helps foundations, family offices, and mission-driven investors
14:28 Why ...
Keywords
foundationnonprofitsocial impactphilanthropy