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Philanthropy's Biggest Problem: Reluctance to Accept Failure

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An Economic Times opinion piece argues that the philanthropic sector's greatest shortcoming is its aversion to failure. The author suggests that funders often avoid risky or experimental initiatives, which limits learning and innovation. Such caution, the piece contends, can leave social problems unaddressed and discourage candid evaluation of what does not work. The argument calls for greater tolerance of failure as a route to more effective giving.

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