Tuesday, August 01, 2006

The NonProfit Times - "Breaking News: Salamon/Foundation Center Deal Dead

The NonProfit Times - The Leading Business Publication For Nonprofit Management - Weekly: "Breaking News: Salamon/Foundation Center Deal Dead

By Paul Clolery

A deal that would have launched a new center for civil society at the Foundation Center in New York City headed by respected academic and researcher Lester Salamon is dead.
Salamon will remain at Johns Hopkins University in Baltimore running its Center for Civil Society Studies. The plan for the new Alexis Institute for Civil Society and Philanthropy is being reconfigured, said Sara L. Engelhardt, president of The Foundation Center.
Announced with great fanfare just this past May, the plan was to move Salamon and his staff from Johns Hopkins to New York City and raise $10 million for the Alexis Institute. In comparison, the dissolution was quietly made public via a one-paragraph joint statement.
“We discovered that we had different interpretations of some very crucial terms,” said Salamon."
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