Writings by Randall

Record market gains have boosted endowments to historic highs, offering unprecedented financial stability for foundations and nonprofits. Yet while assets rise, community needs—from food security to healthcare—are escalating even faster, widening the gap between resources and reality. Some foundations are responding by temporarily raising payout rates, recognizing that exceptional returns call for mission-aligned urgency. Long-term sustainability matters, but capital exists to create impact, and extraordinary times demand extraordinary generosity.