More recently, the foundation has made an even bolder move. It plans to spend its entire endowment and close shop by 2020. Why this dramatic course of action? Because Mr. Feeney and the foundation believe in Giving While Living – the concept that major problems can be solved sooner and more easily if we make investments in solutions now.
But the foundation doesn’t want to stop there. They hope to inspire others to embrace this philosophy. To assist with that effort, they’ve published a report, Turning Passion Into Action: Giving While Living, that discusses the impact of giving in this way as well as tips for donors who are interested in putting this concept into practice. It even includes a slide show of several donors who embrace this philosophy.
What do you think? Is “Giving While Living” a good idea for the sector? Do you practice this concept?