Meghan Biss Discusses Alternatives to Grantmaking at Heckerling Institute on Estate Planning
Increasingly, high-net-worth philanthropists are seeking ways to have impact that goes beyond traditional grantmaking. Foundations and donor-advised funds can make program-related or mission-related investments instead of grants. Use of certain non-501(c)(3) vehicles might allow for a broader set of tools for effecting change, including lobbying, political activities, and even support for workers or businesses. The panel will discuss examples of how donors have deployed these strategies, and the potential trade-offs and unexpected complications that may arise when expanding beyond charitable grantmaking.