The Nonprofiteer gets a giggle from the argument laid out here that there’s no need for proposed California legislation requiring foundations doing business in the state to report on the diversity of their staffs and Boards and the communities they fund, because foundations are already discussing the topic and the Council on Foundations has appointed a diversity officer.
This work is too important, however, to leave to prescriptive
government intervention. We can do better when it comes to diversity —
and we will. But government reporting requirements are not the way to
Are we supposed to believe that what’s being described is a coincidence?–that legislators
just happened to charge in and demand a redundant accounting on
diversity while foundations were in the thick of healing themselves?
More likely, it is with diversity as it is with expenditure of university endowments: that nothing concentrates the mind so wonderfully as the prospect of being hanged, but the threat of legislative attention comes awfully close. All those who believe that tuitions at elite institutions would have dropped naturally, without the grumblings of Senator Grassley and Company, please contact the Nonprofiteer for another free-market opportunity–one having to do with the purchase of a bridge in New York.