Written by NAS President and CEO Russell Willis Taylor in 2006 for the Doris Duke Charitable Foundation, this paper discusses the tradition, benefits, and necessity of endowment funds in the arts. Mrs. Taylor provides a point of view about alternatives to endowment funding, and poses questions about how endowments help achieve mission. What is the impact of continued endowment giving? Read the paper to find out.
Read the article, "
The Grasshopper or the Ant: a Review of Endowment Giving Policy Options"