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.
Keywords: BUSINESS & ECONOMICS / Finance BUS027000