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Philanthropy and endowed foundation are good and vitally important
institutions of modern society. They fit in well with the way
advanced market economies are developing, in particular with the
nexus between private and public benefit in an era of "small"
government and greater social diversity. As institutions, however,
they are facing new threats: declining resources relative to needs,
and questions about their accountability and performance. In recent
years individual philanthropists and foundation leaders have looked
to strategic philanthropy as a way of becoming more effective and
efficient. Strategic philanthropy can help foundations to think
about structures and processes, but it does not provide any answer
to the more fundamental questions about foundations' distinctive
roles in contributing to public good. This important new book
provides an overview of creative philanthropy along with an
analysis of the theory and practice of philanthropy. The authors
spell out the implications of their study for management and policy
and provide readers with the tools and techniques of creative
philanthropy. Essential reading for all those who study or work
infFoundations, philanthropy and nonprofit organizations this
important new book explicates this complicated but vital subject
area.
Philanthropy and endowed foundation are good and vitally important
institutions of modern society. They fit in well with the way
advanced market economies are developing, in particular with the
nexus between private and public benefit in an era of "small"
government and greater social diversity. As institutions, however,
they are facing new threats: declining resources relative to needs,
and questions about their accountability and performance. In recent
years individual philanthropists and foundation leaders have looked
to strategic philanthropy as a way of becoming more effective and
efficient. Strategic philanthropy can help foundations to think
about structures and processes, but it does not provide any answer
to the more fundamental questions about foundations' distinctive
roles in contributing to public good. This important new book
provides an overview of creative philanthropy along with an
analysis of the theory and practice of philanthropy. The authors
spell out the implications of their study for management and policy
and provide readers with the tools and techniques of creative
philanthropy. Essential reading for all those who study or work
infFoundations, philanthropy and nonprofit organizations this
important new book explicates this complicated but vital subject
area.
The growth of philanthropic foundations in numbers and significance
raises two immediate questions. First, what makes for success and
failure of foundations' projects and activities? Second, what
yardsticks or benchmarks are used to measure performance and track
goal attainment? The purpose of this book is to delve deeper into
the complex set of issues that lie behind the performance and wider
impact of philanthropy. Performance Measurement in Philanthropic
Foundations looks at the strengths and weaknesses of philanthropic
foundations, which are independent of both the market and ballot
box and yet open to signal and incentive deficiencies. The authors
use in-depth case studies from different countries to illustrate
the problems and challenge much of the conventional wisdom on
foundation "success" and "failure." The book also outlines the main
contours of a proactive governance and management style to address
those problems.
The growth of philanthropic foundations in numbers and significance
raises two immediate questions. First, what makes for success and
failure of foundations' projects and activities? Second, what
yardsticks or benchmarks are used to measure performance and track
goal attainment? The purpose of this book is to delve deeper into
the complex set of issues that lie behind the performance and wider
impact of philanthropy. Performance Measurement in Philanthropic
Foundations looks at the strengths and weaknesses of philanthropic
foundations, which are independent of both the market and ballot
box and yet open to signal and incentive deficiencies. The authors
use in-depth case studies from different countries to illustrate
the problems and challenge much of the conventional wisdom on
foundation "success" and "failure." The book also outlines the main
contours of a proactive governance and management style to address
those problems.
This book discusses a series of related but independent challenges
faced by philanthropic foundations, drawing on international,
contemporary and historical data. Throughout the world, private
philanthropic foundations spend huge sums of money for public good
while the media, policy-makers and the public have little
understanding of what they do and why. Diana Leat considers the
following questions: Are philanthropic foundations more than
warehouses of wealth? Where does foundation money come from, and is
there a tension between a foundation's ongoing sources of income
and its pursuit of public good? How are foundations regulated and
held accountable in society? Is there any evidence that foundations
are effective in what they do? Is it possible to have too much
philanthropy? In posing these questions, the book explores some of
the key tensions in how foundations work, and their place in
democratic societies.
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