The vision for the sector fund is to have it on the income. If there's $100 million in a foundation and it earns 8% return, generating $8 million, 1% of that $8 million, just 1%, would be required as a grant—
Chairman, Hallmont Foundation, GIV3
The vision for the sector fund is to have it on the income. If there's $100 million in a foundation and it earns 8% return, generating $8 million, 1% of that $8 million, just 1%, would be required as a grant—
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