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  1. This topic raises the issue of whether investing funds received as charitable contributions is at all ethical. Inevitably, some of these funds are “laundered” in some fashion, and then the problem may be further compounded by re-investment through professional guidance, or even via simple deposits in conventional interest-earning bank accounts. Ironically, the vast majority of cultural institutions are “spared” the ethical hazards associated with endowments. If donated funds are in some way leveraged to support other causes deemed “socially responsible”, then some donors just might allege their funds had been solicited under false pretenses.

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