DOCSLIB.ORG

High-Engagement Philanthropy: a Bridge To

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
High-Engagement Philanthropy: a Bridge To High-Engagement Philanthropy: A Bridge to a More Effective Social Sector Perspectives from Nonprofit Leaders and High-Engagement Philanthropists High-Engagement Philanthropy: A Bridge to a More Effective Social Sector is the fourth report in a series produced by Venture Philanthropy Partners (VPP) and Community Wealth Ventures. VPP is committed to sharing knowledge for the benefit of those who are helping—or exploring new tools to help—nonprofit organizations become stronger, more effective, and more enduring. VPP’s reports survey the fields of venture philanthropy and high-engagement grantmaking, and they offer new research and tools to advance management practices in the nonprofit sector. Prior reports in this series include: Venture Philanthropy 2002: Advancing Nonprofit Performance Through High-Engagement Grantmaking Venture Philanthropy 2001: The Changing Landscape Venture Philanthropy 2000: Landscape and Expectations These reports are available in PDF format at www.vppartners.org. High-Engagement Philanthropy: A Bridge to a More Effective Social Sector Perspectives from Nonprofit Leaders and High-Engagement Philanthropists Prepared by Community Wealth Ventures, Inc. Venture Philanthropy Partners (VPP), a nonprofit philanthropic investment organization, is working to improve the lives of children from low-income communities by pursuing two interrelated goals. First, VPP provides growth capital and strategic assistance to build, strengthen, and scale high potential community-based organizations serving the core developmental, learning, and educational needs of children of low-income families in the National Capital Region. Second, VPP joins with others in our field to inspire philanthropists, corporate and nonprofit leaders, and public policymakers at the local, state, and national level to help increase the effectiveness and flow of capital, talent, and other resources to nonprofit organizations meeting the core needs of children. High-Engagement Philanthropy: A Bridge to a More Effective Social Sector Perspectives from Nonprofit Leaders and High-Engagement Philanthropists Copyright 2004 by Venture Philanthropy Partners, Inc. All rights reserved. Venture Philanthropy Partners 1201 15th Street, NW Suite 420 Washington, DC 20005 www.vppartners.org Prepared by Community Wealth Ventures Designed by Comella Design Group 2 Contents 1. Acknowledgments 4 2. High-Engagement Philanthropy: A Bridge to a More Effective Social Sector 7 By Mario Morino and Bill Shore 3. Dialogues with Nonprofit Leaders and High-Engagement Philanthropists 23 The Edna McConnell Clark Foundation and Harlem Children’s Zone 23 Venture Philanthropy Partners and Heads Up 37 NewSchools Venture Fund, New Profit Inc. and New Leaders for New Schools 55 The Rockefeller Foundation and the International AIDS Vaccine Initiative 73 Robin Hood Foundation and The HOPE Program 89 The Center for Venture Philanthropy of the Peninsula Community Foundation 105 and lead partners in the Assets For All Alliance 4. A Special Acknowledgment 118 3 Acknowledgments Venture Philanthropy Partners and Community Wealth Ventures are grateful to many for their contributions, guidance, insights, and critiques. We thank each of those who contributed in some way, including the funders and nonprofit leaders who participated in the six dialogues; the advisory board, whose expertise and guidance were critical to this publication overall; the experts and thought leaders who provided valuable critiques and commentary for the essay; and the CWV and VPP staffs who worked behind the scenes to make this all possible. We appreciate and acknowledge the time and thoughtful guidance that these individuals provided. This publication is markedly better because of their advice and involvement. Advisory Board: The advisors helped guide this effort from inception, providing advice on the organizations to include, critiquing the content, and advising the process at key points along the way. Christine W. Letts, Rita S. Hauser Lecturer in the Practice of Philanthropy and Nonprofit Leadership and Associate Director of the Hauser Center for Nonprofit Organizations, John F. Kennedy School of Government, Harvard University; Catherine Muther, Founder and President, Three Guineas Fund; Les Silverman, Director, McKinsey & Company; Edward Skloot, Executive Director, Surdna Foundation; Donna Stark, Director of Leadership Development, Annie E. Casey Foundation; and Patty Stonesifer, Co-chair & President, Bill & Melinda Gates Foundation. Dialogue Participants: The philanthropists and nonprofit leaders gave significant time to meet, discuss their experiences, and work with us to cull down the transcripts to produce the six dialogues in the report. We espe- cially acknowledge and thank them for their openness and invaluable candor. In addition to the philanthropists and nonprofit leaders noted below, we extend our appreciation to others in these organizations who helped in the editing and condensing of the transcripts. Michael Bailin, President, and Nancy Roob, Vice President, of the Edna McConnell Clark Foundation; and Geoffrey Canada, President/CEO, Harlem Children’s Zone; Fred Bollerer, Partner, and Mario Morino, Chairman, of Venture Philanthropy Partners; Darin McKeever, Co-Founder and Executive Director, and Vincent Pan, Co-Founder and former Executive Director, of Heads Up; Vanessa Kirsch, Founder & President, New Profit Inc.; Kim Smith, Co-Founder & CEO, and Joanne Weiss, Managing Partner, of the NewSchools Venture Fund; and Jon Schnur, Co-Founder & CEO, New Leaders for New Schools; Charles Gardner, Associate Director for Health Equity, and Kenneth Prewitt, former Senior Vice President, of the Rockefeller Foundation; Seth Berkley, President & CEO, IAVI; and Paul Klingenstein, General Partner, Aberdare Ventures; Joe Daniels, Manager, Special Projects, Suzi Epstein, Director, Job Training & Domestic Violence, and Michael Park, Director, Management Assistance, of the Robin Hood Foundation; and Barbara Edwards Delsman, Executive Director, The HOPE Program; and Carol Welsh Gray, Executive Director, and Margot Rawlins, Program Manager, of the Center for Venture Philanthropy; Judith Davila, Manager of Housing and Community Development, Human Services Agency, San Mateo County Government; Jane Hills, Manager of Housing Services, Catholic Charities of Santa Clara County; Sonia Delgado Villa, Program Manager, and Eric Weaver, Founder & Executive Director of Lenders For Community Development. 4 Acknowledgments Essay Reviewers: In addition to valuable input from the Advisory Board and dialogue participants, we were also fortunate to be able to involve other thought leaders who provided a strong critique and remarkable input that helped shape and refine the lead essay. As we note in the essay, while these reviewers did not always agree with us, and bear no responsibility for what follows, they were generous with their opinions and no doubt made this report more focused, balanced, and fair than it would otherwise have been. Shari Berenbach, Executive Director, Calvert Social Investment Foundation; William M. Dietel, Chairman and Director, The F.B. Heron Foundation; Jed Emerson, Senior Fellow, The William and Flora Hewlett Foundation and the David and Lucile Packard Foundation; Katherine Fulton, President, The Monitor Institute; Peter Goldberg, President and Chief Executive Officer, The Alliance for Children and Families; Clara Miller, President & CEO, Nonprofit Finance Fund; Frederick T. Miller, President, The Chatham Group, Inc.; Richard C. O’Sullivan, Assistant Director, The Listening Post Project, Johns Hopkins University; George M. Overholser, Senior Vice President, North Hill Ventures; Lester M. Salamon, Founding Director and Principal Research Scientist, Institute for Policy Studies, Director, Center for Civil Society Studies, Johns Hopkins University; and Bruce Trachtenberg, Director, Office of Communications, Edna McConnell Clark Foundation. CWV and VPP Team: The production and dissemination of the report was a joint effort of the Community Wealth Ventures and Venture Philanthropy Partners teams. Alfred Wise and Bill Shore directed the dialogue development, which represented the lion’s share of the effort over the past year. The team also supported Mario Morino and Bill Shore’s work to develop the essay, and handled all of the behind-the-scenes production, distribution, website development, and communications. Their effort and commitment to producing a quality publication and ensuring it reaches its intended audiences are most appreciated. Bill Shore, Chairman, Alfred Wise, Managing Director, Ed Barker, Senior Consultant, and Amy Gleason, Senior Consultant, of Community Wealth Ventures; and Cheryl Collins, Vice President, and Suzy Twohig, Manager, Communications, of the Morino Institute; Victoria Vrana, Chief Knowledge Officer, and Manon Matchett, Office Manager, of Venture Philanthropy Partners; and Liz Wainger of Liz Wainger Communications. 5 6 High-Engagement Philanthropy: A Bridge to a More Effective Social Sector By Mario Morino, Chairman of Venture Philanthropy Partners, and Bill Shore, Chairman of Community Wealth Ventures High-Engagement Philanthropy: A Bridge to a More Effective Social Sector The central point The funders and nonprofit leaders in this report, like many others in the field, seek to contribute to a more effective social sector. At the core of increased effectiveness and growth of nonprofit organizations is funding. Yet the way we fund nonprofits often prevents them from achieving what they could
Load more

Recommended publications
  • A Practical Guide to Venture Philanthropy and Social Impact Investment
    EUROPEAN VENTURE PHILANTHROPY ASSOCIATION A PRACTICAL GUIDE TO VENTURE PHILANTHROPY AND SOCIAL IMPACT INVESTMENT EUROPEAN VENTURE PHILANTHROPY ASSOCIATION JANUARY 2016 Published by the European Venture Philanthropy Association This edition January 2016 Copyright © 2016 EVPA Email: [email protected] Website: www.evpa.eu.com Creative Commons Attribution-Noncommercial-No Derivative Works 3.0. You are free to share – to copy, distribute, display, and perform the work – under the following conditions: • Attribution: You must attribute the work as A PRACTICAL GUIDE TO VENTURE PHILANTHROPY AND SOCIAL IMPACT INVESTMENT Copyright © 2016 EVPA. • Non commercial: You may not use this work for commercial purposes. • No Derivative Works: You may not alter, transform or build upon this work. • For any reuse or distribution, you must make clear to others the licence terms of this work. Authors: Luciano Balbo, Priscilla Boiardi, Lisa Hehenberger, Deirdre Mortell, Pieter Oostlander and Elena Vittone Design and typesetting: Pitch Black Graphic Design The Hague/Berlin ISBN 9789082494006 This publication is supported under the EU Programme for Employment and Social Innovation – EaSI. For more information see: http://ec.europa.eu/social/main.jsp?catId=1081 The information contained in this publication does not necessarily reflect the position or opinion of the European Commission. With the financial support of the European Commission. January 2016 3 EVPA is grateful to Fondazione CRT for the support A PRACTICAL of its Knowledge Centre GUIDE TO VENTURE EVPA
    [Show full text]
  • Influences of Venture Philanthropy on Nonprofits' Funding
    The Foundation Review Volume 7 Issue 4 Open Access 12-2015 Influences of enturV e Philanthropy on Nonprofits’ unding:F The Current State of Practices, Challenges, and Lessons Tamaki Onishi University of North Carolina at Greensboro Follow this and additional works at: https://scholarworks.gvsu.edu/tfr Part of the Nonprofit Administration and Management Commons, and the Public Affairs, Public Policy and Public Administration Commons Recommended Citation Onishi, T. (2015). Influences of enturV e Philanthropy on Nonprofits’ unding:F The Current State of Practices, Challenges, and Lessons. The Foundation Review, 7(4). https://doi.org/10.9707/ 1944-5660.1267 Copyright © 2016 Dorothy A. Johnson Center for Philanthropy at Grand Valley State University. The Foundation Review is reproduced electronically by ScholarWorks@GVSU. https://scholarworks.gvsu.edu/tfr doi: 10.9707/1944-5660.1267 RESULTS Influences of Venture Philanthropy on Nonprofits’ Funding: The Current State of Practices, Challenges, and Lessons Tamaki Onishi, Ph.D., University of North Carolina at Greensboro Keywords: Venture philanthropy, grantmaking, funding instruments, funder-recipient relationship, nonprofit funders, survey, institutional theory and Grossman (1997) widely advocated the idea Key Points of venture philanthropy (although the authors did · This article looks at the current state of venture not use this term) by stressing potential benefits philanthropy practices in the nonprofit sector, for grantmaking foundations from borrowing a based on data from a survey of 124
    [Show full text]
  • Magazine the Secret and the Not So Secret Philanthropist Universities in 2030: Their Future and Funding
    Inside this issue: Shining a Light on Foundations Co-creation and Networking your Philanthropy: the Future Corporate Philanthropy? Magazine The Secret and the Not so Secret Philanthropist Universities in 2030: Their Future and Funding Issue 5: SPRING 2014 Future of Philanthropy: Blurred boundaries and networks drive innovation hilanthropy Impact makes sense of and Philanthropy Impact, launched in December 2013 following the incorporation of Philanthropy UK, the European Association for inspires of philanthropy across borders, Philanthropy and Giving (EAPG) and the Philanthropy Advisors sectors and caused. To match this mission we Forum. For more information see www.philanthropy-impact.org created an issues-based magazine covering Philanthropy Impact Pthe depth and breadth of the philanthropy spectrum. The Faraday House, 5th Floor 48-51 Old Gloucester Street response from you, our readers and contributors has been London WC1N 3AE overwhelmingly supportive. T +44 (0)20 7430 0601 [email protected] Editors have the luxury of a ‘birds eye view’, and for this www.philanthropy-impact.org our last issue (as Editors) we have chosen to reflect on the Sue Daniels, three key areas that we believe need more consideration Executive Director Executive Director and Editor in Chief: Sue Daniels The purpose of the magazine is to share information about and debate. and Editor in Chief philanthropy in a domestic and international context. We welcome @philanthropyimp articles, letters and other forms of contribution in Philanthropy First, the issues facing society, both global and Impact Magazine, and we reserve the right to amend them. local, are enormous and they are not going to be Please contact the Editor at [email protected] resolved by independent, or ad hoc and often top- ©2014 Philanthropy Impact.
    [Show full text]
  • UC Berkeley UC Berkeley Electronic Theses and Dissertations
    UC Berkeley UC Berkeley Electronic Theses and Dissertations Title Selling School Reform: Neoliberal Crisis-Making and the Reconstruction of Public Education Permalink https://escholarship.org/uc/item/0sq6w3rk Author Jani, Nirali Publication Date 2017 Peer reviewed|Thesis/dissertation eScholarship.org Powered by the California Digital Library University of California Selling School Reform: Neoliberal Crisis-Making and the Reconstruction of Public Education by Nirali Jani A dissertation submitted in partial satisfaction of the requirements for the degree of Doctor of Philosophy in Education in the Graduate Division of the University of California, Berkeley Committee in charge: Professor Daniel Perlstein, Chair Professor Janelle Scott Professor Michael Omi Summer 2017 Abstract Selling School Reform: Neoliberal Crisis-Making and the Reconstruction of Public Education by Nirali Saurabh Jani Doctor of Philosophy in Education University of California, Berkeley Professor Daniel Perlstein, Chair This study asks how neoliberal reform became the hegemonic framework for racial justice and educational equity. Using an interdisciplinary methodology, I examine three reform projects that operate on different terrains – or scales – of ‘governmentality’: that of broad public sense-making, that of district policymaking, and that of individual and community-based subjectivities. The first project (Chapter Two) was a national publicity campaign funded by the Broad and Gates foundations. In this chapter, I use Critical Discourse Analysis (CDA) to understand how reformers used language to shape public consciousness, pointing to the continuity of an educational “crisis discourse” first manufactured in the Reagan era. Chapter Three examines the state takeover and neoliberal reconstruction of an urban school district. Using the theoretical framework of “disaster capitalism” (Klein, 2007), I trace how the neoliberal reform network penetrated the district, fundamentally reshaping its structures and processes.
    [Show full text]
  • Venture Philanthropy and Teacher Education Policy in the US: the Role of the New Schools Venture Fund
    See discussions, stats, and author profiles for this publication at: https://www.researchgate.net/publication/282742816 Venture Philanthropy and Teacher Education Policy in the US: The Role of the New Schools Venture Fund Article in Teachers College Record · May 2015 CITATIONS READS 49 1,288 2 authors: Kenneth M. Zeichner César Peña-Sandoval University of Washington Seattle Pontificia Universidad Católica de Valparaíso 228 PUBLICATIONS 13,513 CITATIONS 7 PUBLICATIONS 58 CITATIONS SEE PROFILE SEE PROFILE Some of the authors of this publication are also working on these related projects: SCOPE Case Studies, Stanford University View project Development of socio-cultural competence in preservice secondary teachers: situated learning for a culturally relevant pedagogy. View project All content following this page was uploaded by César Peña-Sandoval on 12 January 2018. The user has requested enhancement of the downloaded file. Venture Philanthropy and Teacher Education Policy in the U.S.: The Role of the New Schools Venture Fund KENNETH ZEICHNER University of Washington CÉSAR PEÑA-SANDOVAL University of Washington Background & Purpose: This article focuses on the growing role of venture philanthropy in shaping policy and practice in teacher education in the United States. Our goal is to bring a greater level of transparency to private influences on public policy and to promote greater discussion and debate in the public arena about alternative solutions to current problems. In this article, we focus on the role of one of the most influential private groups in the United States that invests in education, the New Schools Venture Fund (NSVF), in promoting deregu- lation and market-based policies.
    [Show full text]
  • A Reflection and Discussion of Philanthropy and Its Relevance and Practice in Service and Society
    Providence College DigitalCommons@Providence Public & Community Service Student Scholarship Public & Community Service Spring 2020 A Reflection and Discussion of Philanthropy and its Relevance and Practice in Service and Society Brigid McGrath Providence College, [email protected] Follow this and additional works at: https://digitalcommons.providence.edu/pubcom_students Part of the Public Affairs, Public Policy and Public Administration Commons McGrath, Brigid, "A Reflection and Discussion of Philanthropy and its Relevance and Practice in Service and Society" (2020). Public & Community Service Student Scholarship. 11. https://digitalcommons.providence.edu/pubcom_students/11 This Thesis is brought to you for free and open access by the Public & Community Service at DigitalCommons@Providence. It has been accepted for inclusion in Public & Community Service Student Scholarship by an authorized administrator of DigitalCommons@Providence. For more information, please contact [email protected]. 1 Senior Capstone Brigid McGrath B.A. Public and Community Service Studies A reflection and discussion of philanthropy and its relevance and practice in service and society. 2 TABLE OF CONTENTS PHILOSPOHY OF SERVICE ......................................................................................... 3 LITERATURE REVIEW ................................................................................................ 8 THESIS ..........................................................................................................................
    [Show full text]
  • Michael Moody
    BECOMING A VENTURE PHILANTHROPIST: A Study of the Socialization of Social Venture Partners Michael Moody Research Paper - 31 May 2009 BECOMING A VENTURE PHILANTHROPIST: A Study of the Socialization of Social Venture Partners Michael Moody Research Paper - 31 May 2009 This research was supported by the California Community Foundation Endowed Research Fund at The Center on Philanthropy and Public Policy Michael Moody: President, Moody Philanthropic Consulting, LLC; 3215 W. Franklin Street, #5; Richmond, VA, 23221 ABOUT THE CENTER ON PHILANTHROPY AND PUBLIC POLICY The Center on Philanthropy and Public Policy promotes more effective philanthropy and strengthens the nonprofit sector through research that informs philanthropic decision making and public policy to advance public problem solving. Using California and the West as a laboratory, the Center conducts research on philanthropy, volunteerism, and the role of the nonprofit sector in America’s communities. In order to make the research a catalyst for understanding and action, the Center encourages communication among the philanthropic, nonprofit, and policy communities. This is accomplished through a series of convenings and conversations around research findings and policy issues to help key decision makers work together more effectively to solve public problems and to identify strategies for action. The opinions presented in this paper represent those of the authors and not those of The Center on Philanthropy and Public Policy. Copyright © 2009 by The Center on Philanthropy and Public Policy The Center on Philanthropy and Public Policy School of Policy, Planning, and Development University of Southern California Lewis Hall, Room 210 Los Angeles, California 90089-0626 All rights reserved Printed in the United States of America About the Author Michael Moody, Ph.D., is a cultural sociologist and President of Moody Philanthropic Consulting, LLC, where he provides consulting and research services to philanthropic organizations and donors.
    [Show full text]
  • Neoliberalism, Corporate Interests, and Philanthropy in U.S. Education Reform: a Case Study of a Faux Grassroots Education Reform Organization
    The Cutting Edge, Vol 3, No 2 (2021) Neoliberalism, Corporate Interests, and Philanthropy in U.S. Education Reform: A Case Study of a Faux Grassroots Education Reform Organization Helen Tamrat Yale University Jennifer Tegegne Yale University Abstract Philanthropy and big money have served as a primary means of intervention in nearly all facets of United States society, including education. We find that scholarship focusing on philanthropy and education reform lacks necessary detail and fundamental research on tangible implications. Even with these holes, however, there exists friction between those that view big money investments in education reform as well-intentioned versus those that see it as a means to destroy the public education system. Despite these conflicting narratives, it is clear that rampant, unchecked philanthropy in the U.S. has resulted in the promotion of corporate, neoliberal interests that ultimately undermine the needs and power of communities they claim to help. In this paper, we offer a literature review and case study to interrogate the role of philanthropy in the U.S. education reform landscape. First, we explore the debate on the intentions and implications of philanthropy in education. Then, we detail the corporate and neoliberal agendas in education policy and organizing. Finally, we build on this thorough analysis by conducting a case study on Students for Education Reform (SFER)– presently known as Our Turn; ultimately exposing faux grassroots education reform organizing. Literature Review The Roots and Arguable Implications of Big Money Interventions in Education The extensive influence of big money in education can be traced all the way to the birth of the United States public education system.
    [Show full text]
  • Investing in Philanthropy Spring 2019 Tuesdays 3:30-6:30 Pm Rrh 3.402
    FIN 397 INVESTING IN PHILANTHROPY SPRING 2019 TUESDAYS 3:30-6:30 PM RRH 3.402 Professors Minnette E. Drumwright and Laura T. Starks Offices Professor Drumwright (BMC 4.354) Professor Starks (GSB 5.167) Office Hours at RRH Professor Drumwright: Wednesdays, 4:00-5:00 Professor Starks: Mondays 2:00-2:30; Wednesdays, 4:00-5:00 We can also meet at RRH by appointment Other Office Hours You are welcome to come to Professor Drumwright’s office hours in BMC 4.354 from 2 to 3:30 p.m. on Mondays and Wednesdays or Professor Starks’ office hours in GSB 5.167 on Mondays from 3:30-6:00 p.m. or just drop by the offices in BMC and GSB Phone Professor Drumwright 512-471-2367 Professor Starks 512-471-5899 E-Mail Professor Drumwright [email protected] Professor Starks [email protected] Course Web Page via Canvas Teaching Assistants: Alex Priest Lee Seltzer CBA 1.312F CBA 3.332C Wednesdays Thursdays 2:30-4:00 PM 3:00-4:30 PM “To give away money is an easy matter in any man’s power. But to decide to whom to give it, and how large and when, and for what purpose and how, is neither in every man’s power nor an easy matter. Hence, it is that such excellence is rare, praiseworthy and noble.” -- Aristotle, 384-322 BC Course Objectives The objective of this course is for you to learn about philanthropy from theoretical and empirical bases as well from a major experiential learning component.
    [Show full text]
  • Philanthropic Colonialism: New England Philanthropy In
    PHILANTHROPIC COLONIALISM: NEW ENGLAND PHILANTHROPY IN BLEEDING KANSAS, 1854-1860 Elijah Cody Howe Submitted to the faculty of the University Graduate School in partial fulfillment of the requirements for the degree Master of Arts in the Department of Philanthropic Studies, Indiana University August 2011 Accepted by the Faculty of Indiana University, in partial fulfillment of the requirements for the degree of Master of Arts. __________________________________ Frances A. Huehls, Ph.D., Chair __________________________________ Dwight F. Burlingame, Ph.D. Master’s Thesis Committee __________________________________ Matthew N. Vosmeier, Ph.D. ii Acknowledgments First I must thank my family. My mother Sue, father Michael, brother Jason, and sister Emily have supported me in more ways than these pages allow me to list. Three influential mentors guided me through this thesis and throughout my education. My thesis committee chair, Frances Huehls, guided me through the research and writing processes and committed countless hours helping with my research and editing. Matthew Vosmeier, my undergraduate academic advisor graciously contributed his time and expertise as a member of this committee and was kind enough to make the trip to my defense. Dwight Burlingame, my advisor at the Center on Philanthropy and member of my thesis committee helped me navigate a graduate education and trip abroad before helping with this paper. I am also indebted to the history faculty at Hanover College and the faculty at the Center on Philanthropy for the years of incredible mentoring and education. iii ABSTRACT Elijah Cody Howe PHILANTHROPIC COLONIALISM: NEW ENGLAND PHILANTHROPY IN BLEEDING KANSAS, 1854-1860 In 1854 the United States Congress passed the Kansas-Nebraska bill which left the question of slavery in the territory up to a vote of popular sovereignty.
    [Show full text]
  • Philanthropic Innovation and Creative Capitalism: a Historical and Comparative Perspective on Social Entrepreneurship and Corporate Social Responsibility
    5 RANA 1121-1174 (DO NOT DELETE) 6/12/2013 3:30 PM View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Digital Commons @ UM Law PHILANTHROPIC INNOVATION AND CREATIVE CAPITALISM: A HISTORICAL AND COMPARATIVE PERSPECTIVE ON SOCIAL ENTREPRENEURSHIP AND CORPORATE SOCIAL RESPONSIBILITY Shruti Rana* ABSTRACT Each generation creates its own philanthropic bodies, with novel structures promising both increased sustainability and efficiency. From the seventeenth-century financial imperialists to today’s internet entrepreneurs, innovation, wealth, and philanthropy have moved in tandem, shaping one another and resulting in new philanthropic forms. The most recent of these emerging entities is the “for-profit charity,” which relies on market profits and market principles to replace donations and to maximize its impact. Current philanthropic literature praises these market-based structures as revolutionary innovations that enhance long- term sustainability, and the focus of legal reforms falls along these lines. Yet the legal literature fails to fully appreciate the lessons of history. Although state after state is authorizing or fostering the growth of such hybrid entities, and although these entities do have the potential to contribute to philanthropy in novel ways, without a broader set of legal and regulatory reforms, the new philanthropic entities now emerging will be unable to meaningfully harness market forces to enhance their philanthropic endeavors. * Associate Professor of Law, University of Maryland Francis King Carey School of Law. J.D., Columbia Law School; M.Sc. London School of Economics; B.A. University of California, Berkeley. I would like to thank the participants at the University of Indiana Robert F.
    [Show full text]
  • Inside Venture Philanthropy
    Symposium: The Third Sector in Transition INSIDE VENTURE PHILANTHROPY Peter Frumkin iscontent in organized philanthropy today oped for and applied to the field of public school uns deep in some quarters. For years, lead- reform, where the need for broad system-wide ers in the philanthropic world have worried about change has forced donors to look for ways to in- the effectiveness of their work. Although the crease the impact of their giving. amount of money given away each year continues While efforts to increase effectiveness have pro- to rise, there are lingering doubts about what the ceeded apace, it is fair to say that no idea for ad- billions of dollars backed by good intentions have vancing the field of philanthropy has gotten more ultimately produced. Of course, almost all foun- attention over the past five years than that of ven- dations, corporations, federated funders, and ma- ture philanthropy. What exactly is venture philan- jor individual donors can point to some grants that thropy? What makes it different from traditional have led to impressive results. It remains very dif- philanthropy? What innovations has it introduced ficult, however, to see how the many small and into the field? Can it be used to reform public isolated success stories of donors around the coun- education? To begin to answer these questions, it try aggregate up into anything vaguely resembling is important to step back for a moment to con- a meaningful response to any of the major social sider the political and intellectual context within problems--be it economic development in the in- which the idea of venture philanthropy emerged.
    [Show full text]