NCRP Statement Regarding the Philanthropy Roundtable's "How Public is Private Philanthropy: Separating Myth from Reality"

The authors' arguments are based on the flawed assumption that private institutions are wholly without external stakeholders who have an interest in how those organizations are run, or what their activities might be. Our nation's recent experience with the bailout of the automotive, banking and insurance industries has demonstrated that this is not the case. Private institutions have a variety of stakeholders beyond the official "owners." For foundations, one such group is taxpayers.