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Advancing accountability: A Tool For Transparent Foundation Grantmaking

Endowed foundations are essentially self-regulating and answer to no outside body,
unless they break the law. Philanthropy is struggling to sharpen its own responsibility for the use of charitable assets and, at the same time, searching for better ways to
incorporate public guidance into foundation decision making. These two different, but
related endeavors – improving internal monitoring and fostering public input – are efforts to strengthen accountability.