Low-risk investment companies that channel a small percentage of their assets into philanthropy -- that's how Clara Miller, president of the Heron Foundation described foundations in an interview with Alliance a year ago. It's on that 'small percentage' that the spotlight generally falls. What happens to the rest of it? How are those investments made and in what, and -- perhaps the most obvious question of all -- shouldn't more of them be made to serve foundations' ultimate purpose? Alliance issue: Solidarity -- more in common?; June 2017, Volume 22 , Number 5.