When Foundations’ Days Are Numbered
The names of philanthropists like Charles and Andrea Bronfman may not be remembered by millions of beneficiaries 100 years from now. Unlike Rockefeller, Carnegie and Ford, whose reputations live on through generations of ongoing philanthropic largesse, the Andrea and Charles Bronfman Philanthropies (ACBP) is part of a trend of spend-down foundations. Spending down means that,…