In a recent interview with Charles Mitchell for the Open Discourse Podcast, DonorsTrust Vice President Peter Lipsett explains the importance of protecting one’s donor intent.
First, charitable givers should establish clear written documentation of their values and intentions. Second, they must take care to select trustworthy stewards who understand and will honor their philanthropic mission. Third, donors should consider sunsetting their foundations rather than creating perpetual endowments. Sunsetting allows donors to distributing resources more aggressively over a defined period, ensuring greater impact before donor intent can be subverted.
To learn more, watch the full interview.