This book discusses the role of grant-making foundations in
supporting local communities, and how effective governance can
contribute to greater success of the social projects they finance.
The book considers the extent to which granting foundations act as
social investment banks or strategic philanthropists, and
identifies possible areas of evolution and improvement in the
granting process of foundations similar to other innovative firms.
It seeks to explore the possibility of foundations becoming a
reference point in the Third Sector for innovativeness and risk
taking.
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