My Home About Me

An op-ed in this morning's Journal:The Ford Foundation...was started by Henry Ford in 1936 to fund causes such as hospitals and museums. After he died, the foundation's staff and trustees reoriented the funding mission toward what they considered "social justice" -- but what Ford's heirs considered anticapitalism, and contrary to the donor's intent besides. Today, the foundation -- with Ford's billions but not his goals -- is one of the most important sources of left-wing philanthropy in the world. No doubt poor Henry is spinning in his grave. ...scholars estimate that more than $50 trillion will be bequeathed by mid-century. The confidence we have in the way our money is used will determine how much of it we will give away to charities, as opposed to spending it on our own consumption or leaving it to our heirs. Charities can give us this confidence by doing what retail firms have done for decades: offering money-back guarantees. For donations that are spent outright by nonprofits, these guarantees should hold for a reasonable but limited time; for gifts that go towards endowments, there should be periodic donor review and an option to redirect the money toward other causes.

bailout   Basic Materials SPDR (XLB)   bond trading   bond yields   capitulation   climactic   commodities   credit crisis   Currency ETFs   day trading   Deron Wagner   DJIA chart   economic data   Emini's Nas 100   emini's S&P 500   emini's S&P 500e   ETFs (exchange trade funds)   ETFs (exchange traded funds)   Gold Miners ETF (GDX)   Japanese Yen ETF (FXY)