The J. Paul Getty Trust has hired a chief fundraiser for the first time in its 30-year history. J. Timothy Child will assume in June the newly created Getty post of vice president for institutional advancement.
President James Cuno said that despite its sizable endowment, the development effort will mainly involve art research, conservation, and visiting scholar programs.
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Senay Ataselim-Yilmaz, Chief Operating Officer, Turkish Philanthropy Funds, writes that philanthropy often solves the very problems that stems from market failure. Some social issues, however, cannot be tackled by questioning the return on investment.