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... from that proposition is: How would we know whether, or when , this is true? In this paper, author Tony Proscio ... of whether comparatively short-term foundation investments can generate a greater return than could be achieved by ... while neither the paper nor the discussion on which it was based attempts to evaluate the actual social returns ...

Of its $4.1 trillion fiscal year 2016 budget, the U.S. federal government and its grantmaking agencies will give out billions of dollars in the form of grants to states, localities, and individuals, supporting a dizzying array of activities, from scientific research and economic development to arts, culture, and education.