Who Should Control the Money? feat. Glen Galaich and Jamie Allison

Break Fake Rules listeners, enjoy this special feed swap from our partners at the Center for Effective Philanthropy (CEP), who invited our co-hosts, Glen Galaich and Jamie Allison, to guest star on their Giving Done Right podcast. Follow Giving Done Right here or wherever you get podcasts. New episodes of Break Fake Rules return next week.In this episode, co-hosts Phil Buchanan and Elisha Smith Arrillaga, CEP's vice president of Research, discuss some of philanthropy's oldest tensions: who should decide how charitable dollars get spent and how to balance short-term needs with the long view? Their guests, Glen Galaich, CEO of the Stupski Foundation, and Jamie Allison, executive director of the Walter & Elise Haas Fund, are usually the ones asking the questions, as frequent co-hosts on Glen’s podcast, Break Fake Rules.Glen makes the case from his new book, “CONTROL: Why Big Giving Falls Short”, that too much charitable wealth sits parked in private equity and hedge fund accounts rather than moving out to the communities that need it, and that donors should treat public stewardship, not private control, as their guiding value. Jamie pushes back on the idea that this is a binary choice between spending down and staying perpetual, describing how the Walter & Elise Haas Fund has worked to increase payout and shift toward larger, unrestricted grants without abandoning a long time horizon. Together, they debate what foundations with large endowments owe to this moment of crisis for nonprofits, why "responsiveness" matters more than any single spending formula, and what foundations might learn from everyday donors.Order your copy of Glen’s book, CONTROL: Why Big Giving Falls Short.