Quixote Foundation Announces Spend Down

ASF Member offers great communications around their foundation’s decision to spend down–or spend up, as they call it!

From the Announcement

What’s up with spending everything while we are here?

You may have heard the good news we’ve just announced: Quixote Foundation will spend all of its money between now and 2017. In each of our interest areas, conditions that favor progress have convinced us that the next few years offer a landmark chance to make the most of our assets.

This decision has roots in our founder’s belief that a donor’s role is secondary to what people and organizations do on the ground. The point is to become the most effective change agent we can be, even if that means not being a foundation anymore in the institutional sense. That’s one reason we’re calling our choice “spending up” instead of spending out or down. We believe who we are as a foundation will be fulfilled—not diminished—by putting more money into action, spending it up into progressive work.

We’re making this announcement early so there’s plenty of time for conversation. Please read the full announcement and “Tiltings” for more information, forward this message to anyone you think might be interested, and chime in with your perspective, whether it’s by blogging, tagging your Tweets #spendup (follow QuixoteTilts), writing on our Facebook wall, or sending comments directly to [e-mail address removed].  We’d love to hear from you.