Determining Grantmaking Policies and Priorities: A Continuing Process

Introduction In 1975 when I was appointed executive director of The Saint Paul Founda¬≠tion, I found myself, at 35, privileged to direct a community foundation that was also 35 years old and had just inherited $32,000,000 through two bequests consisting of99.9 per cent unrestricted funds. Prior to 1975, the Foundation had acquired something more than…