Managing the Philanthropic Enterprise | Organizations and Markets

Managing the Philanthropic Enterprise

17 August 2007 at 4:08 pm Peter G. Klein Leave a comment

| Peter Klein |

McKinsey’s Luis Ubiñas will become Ford Foundation CEO next year, reports the Chronicle. This is an unusual move because philanthropic foundations have traditionally chosen career insiders for top management posts. “It runs counter to the idea that grant making is a closed profession, that you stay in this field and you simply move through the field,” says UT-Austin’s Peter Frumkin, quoted in the Chronicle piece. Have foundations decided, like many US corporations, that functional expertise is less important than general managerial skill?

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