Re your second paragraph: OP remains EVF’s predominant funder, and it seems likely that OP would respond to EVF selling Wytham by reducing its own grant to EVF in the same amount. Thus, the end result of selling Wytham would be that OP has more money to spend elsewhere. OP is probably in a better position than EVF to evaluate the value of Wytham vs. whatever it would fund with the reduction in EVF’s grant next year after the Wytham sale.
That’s an interesting point. I wonder if this would also be the case if EVF (hypothetically) immediately earmarked proceeds from selling Wytham as donations to other organisations.
All of this of course is ignoring how grantmaking works in practice.
Re your second paragraph: OP remains EVF’s predominant funder, and it seems likely that OP would respond to EVF selling Wytham by reducing its own grant to EVF in the same amount. Thus, the end result of selling Wytham would be that OP has more money to spend elsewhere. OP is probably in a better position than EVF to evaluate the value of Wytham vs. whatever it would fund with the reduction in EVF’s grant next year after the Wytham sale.
That’s an interesting point. I wonder if this would also be the case if EVF (hypothetically) immediately earmarked proceeds from selling Wytham as donations to other organisations.
All of this of course is ignoring how grantmaking works in practice.