Foundations (PDF)

This book examines the evolving dynamics driving philanthropy as
Western society struggles to meet today's many challenges. The
author takes a hard look at the sensitive issues of democratic
legitimacy, accountability and credibility in the context of civil
society, as well as the changing policy environment in which
foundations operate.

He argues that effective philanthropy is "impact driven" and
depends on a strategic mix of methodologies that reach beyond
grant-giving. The arguments challenge the status quo and deliver a
wake up call to philanthropists on both sides of the Atlantic.

The book intends to spark an ongoing debate as the sector
strives to strengthen its relevance and make a real difference in a
world that is becoming more complex than ever before.

* About 80% to 90% of existing literature is from the Anglo-Saxon
perspective and written by academics. This book represents a
uniquely European perspective from a practitioner with more than 20
years experience in the field.

* Because of foundations' hefty - and growing - financial
endowment, the questions of value creation, democratic legitimacy,
intergenerational transfer of wealth, the payout rate and
accountability are being debated. The author offers a European
perspective on these issues.

* A new and dynamic philanthropy is emerging as foundations take
on new roles in communities. These roles are examined within the
context of different civil society models. A new role is emerging -
that of convenor, or "catalytic converter", which brings various
stakeholders together around a particular issue and then advocates
for political and/or social change. The author ultimately argues
for "impact driven" philanthropy and gives practical examples of
how to get there.

* Challenges in our globalized world require both local and
global solutions. The author urges European foundations to become
more European and address the myriad challenges facing a
reintegrated continent. He also urges them to assume a stronger
leadership role on global issues such as HIV/AIDs, poverty, ethical
challenges and drug policy.