The philanthropy community, JFN included, is in an ongoing conversation about the importance of risk-taking and investing in new and unproven ventures. That's a good thing. But in this piece from NCRP, Kevin Laskowski reminds us that "even when foundations allegedly pursue the riskiest of ventures, it is likely someone else who bears the costs of failure."

As funders confront challenges with an ever-broader range of approaches and techniques, it's important to keep this perspective in mind, and remember where risk lies.