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May 23, 2009

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Adam

Issac,

Like I said, it's just a quibble but I also prefer unrestricted funds to restricted funds . . . but endowments absolutely have a place in the overall picture.

But here's the thing, a "lockbox" is designed to protect funds from some group predisposed to loot them. In this case we are saying that the funds need to be protected from the people raising the funds.

I mean if an org really wants to shortchange artists they are never going to try and raise funds for an artist endowment anyway right? That's my own issue with a lockbox . . . and it's a small one.

I look forward to reading your follow up post.

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