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Corporate foundations warning
By Emma Rigby, Third Sector, 27 February 2008
Corporate foundations must become less dependent on their parent companies for funding if they want to avoid the problems that have blighted the Northern Rock Foundation, according to the Association of Charitable Foundations.
David Emerson, chief executive of the ACF, said the relationships between companies and their foundations were increasingly difficult and that he knew of five foundations that felt they were under threat because of the attitude of their corporate founder. "There is a corporate that wanted the foundation to send information...
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