Philanthropists across the ideological spectrum are discovering the value of foundations that “sunset,” spending their whole endowment in a limited time
This year, the William E. Simon Foundation is closing its doors, or “sunsetting,” in the parlance of modern philanthropy. Since it was founded in 1967 by former Treasury Secretary William E.
Simon and his wife Carol, the foundation has given away almost $300 million to the causes that mattered to them—faith, family and education. It has made some 13,000 grants to support inner-city Catholic schools, charter schools and school-choice litigation, as well as mentorship, literacy and after-school programs, foster care and domestic violence services, and counseling for women with unplanned pregnancies.
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