MacArthur Foundation Appoints New President
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Ian Wilhelm
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Indeed, Mr. Gallucci is joining the foundation at a tumultuous time.
Like other foundations, the organization’s assets have eroded, losing 20 percent of its worth last year. Despite the loss, MacArthur has pledged to keep the amount of its grant making steady this year at around $260-million — an approach Mr. Gallucci said he agrees with.
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