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Putting Wealth to Work: Philanthropy for Today or Investing for Tomorrow? - Hardcover | Diverse Reads

Putting Wealth to Work: Philanthropy for Today or Investing for Tomorrow?

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By 2025, Americans will likely be donating over half a trillion dollars annually to nonprofit organizations. Those philanthropic gifts will transform significant parts of America's civic sector landscape.
Philanthropy is entering an era of unprecedented growth and innovation. Established foundations such as Ford and Rockefeller are doubling down on programs tackling long-simmering problems, including global inequality, less-than-stellar education, and uneven access to health care. Many foundations are engaging in advocacy on controversial issues, exploring venture philanthropy solutions, and experimenting with impact investing. And philanthropists such as Bill Gates, Warren Buffett, New York's high-profile financiers, and Silicon Valley's billionaires are planning to put their wealth to work as never before: Mark Zuckerberg and Priscilla Chan recently pledged to donate 99 percent of their Facebook shares during their lifetimes, and nearly 150 others have signed the Giving Pledge to increase dramatically their "giving while living."
In Putting Wealth to Work, Joel L. Fleishman provides expert analysis of contemporary philanthropy, offering invaluable insight for those engaging with and affected by charitable foundations. This is the fascinating and definitive account of philanthropy today, and an indispensable guide to understanding its inner workings, impact, and expansive potential.

ISBN-13: 9781610395328

Media Type: Hardcover

Publisher: PublicAffairs

Publication Date: 09-26-2017

Pages: 352

Product Dimensions: 6.20(w) x 9.70(h) x 1.30(d)

Joel L. Fleishman is a professor of law and public policy; director of the Samuel and Ronnie Heyman Center for Ethics, Public Policy and the Professions; and director of the Center for Strategic Philanthropy and Civil Society at Duke University. From 1993 to 2001, Fleishman took a part-time leave from Duke University to serve as president of the Atlantic Philanthropic Service Company, the U.S. Program Staff of Atlantic Philanthropies. Fleishman also serves as a director of Ralph Lauren Corporation.

Table of Contents

Acknowledgments ix

Prologue xiii

Preface xvii

Introduction: America's Indispensable Civic Sector Dynamo 1

Part 1 The Changing Landscape of American Philanthropy

1 A More Disciplined Focus 21

2 New Players in Philanthropy and More Avenues by Which to Achieve Concerted Social Change 39

3 New Vehicles for Giving and New Organizations That Enable Philanthropy to Be More Effective 69

Part 2 A Brief History of Limited Life Foundations and Time-Limited Giving

4 From John Stuart Mill to Julius Rosenwald 91

5 The Dominoes Fall 107

Part 3 Is It Better to Give Now or Later?

6 Rationales for "Giving While Living" 139

7 How Time-Limited Foundations Achieve Results 171

8 Stories of Impact-Time-Limited and Perpetual 189

9 The Unique Role of Family Foundations 197

10 A Case for Endurance: Causes That Plead for Long-Lasting Philanthropy 207

11 Advice to Donors: Creating Foundations for Today and Tomorrow 217

Epilogue 229

Appendix A Firsthand Accounts of Philanthropy Under Time Limits and in Perpetuity 233

Appendix B Signers of the Giving Pledge 273

Appendix C People Interviewed for This Book 283

Notes 287

Index 311