The Value of Calculated Risk


  • Paul Brest
Publish Date:
June 1, 2012
Publication Title:
Alliance Magazine, June 1, 2012
Magazine Article
  • Ruth Levine, Linda Frey and Paul Brest, The Value of Calculated Risk, Alliance Magazine, June 1, 2012.


Private foundations are investing increasing amounts in efforts to tackle the causes and consequences of extreme poverty in low-income countries, but we are still extremely small players compared to government donor agencies and the international financial institutions. Yet foundations have several comparative advantages, including the ability to respond quickly and flexibly and to take risks that public funders are unable or unwilling to take