Lower Overhead for Foundations

Hi everyone! I'm back from hacked blog purgatory so you can expect new posts and a very, very exciting announcement coming next week. To keep you busy as you ponder my big announcement (new job? nope! solved centuries old math problem? nope!) I've got an interesting post from The Chronicle of Philanthropy's Give and Take Blog: Charities are all too familiar with being scrutinized over their administrative costs, but in a twist, a foundation in Britain is being asked to reduce its overhead.

John Copps, a head researcher at the British charity-evaluation group New Philanthropy Capital, describes on his organization's blog how the Big Lottery Fund -- Britain's largest grant maker -- is being instructed by the government to reduce its administrative costs from 8 percent to 5 percent.

While it may seem that the foundation shouldn't be immune to the cost-cutting going on elsewhere, Mr. Copps says, limiting the organization's administrative costs will likely cause harm.

Read the rest here