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.
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'That philanthropy, a quintessential institution of civil society, is in great need of renewal is without doubt -- what such a renewal might entail however is hotly debated. Anheier and Leat chart a clear course through this debate, offer a new model of philanthropy for the 21st century and explore its implications for foundation policy and management. This is applied social science at its best: conceptual, empirically grounded, constructive and practical.' - Professor Lord Anthony Giddens, Emeritus Professor of Sociology, London School of Economics, UK
'Philanthropic Foundations are puzzling social institutions. In this book that challenges both supporters and critics of Foundations, Anheier and Leat offer their original account of the unique role these anomalous institutions can best play in societies. Their account is important not only to those who establish, manage, and operate these institutions, but also to those who regulate, benefit from, or feel threatened by these powerful institutions. The last group includes all of us citizens.' - Mark H. Moore, Hauser Professor of Nonprofit Organizations. Kennedy School of Government, Harvard University
'Philanthropic Foundations are puzzling social institutions. In this book that challenges both supporters and critics of Foundations, Anheier and Leat offer their original account of the unique role these anomalous institutions can best play in societies. Their account is important not only to those who establish, manage, and operate these institutions, but also to those who regulate, benefit from, or feel threatened by these powerful institutions. The last group includes all of us citizens.' - Mark H. Moore, Hauser Professor of Nonprofit Organizations. Kennedy School of Government, Harvard University