1 Spring 2012 Philanthropy in Action Contact Information

Total Page:16

File Type:pdf, Size:1020Kb

1 Spring 2012 Philanthropy in Action Contact Information SPRING 2012 PHILANTHROPY IN ACTION CONTACT INFORMATION Instructor Maxim Thorne Yale University Email: [email protected] Telephone: (202) 460-4966 Office: Yale College Dean's Office 1 Prospect Street, SSS 102 New Haven, CT 06520-8241 Office Hours: By appointment Invitation: I invite students enrolled in this course to join me for a casual lunch in small groups of five sometime in September. Please schedule our lunch by groups through ClassesV2 site "Forums" tab. Guests: Over the course of the semester we will have workshops (that are filmed) with some of the world greatest philanthropists. You are asked to participate in the conversation and to use these conversations as primary source material to be incorporated in your work. COURSE INFORMATION Description: This course explores how philanthropy has operated at the intersection of the United States Constitution and the political process—specifically in selecting and regulating philanthropic leadership and opportunity, amending the constitution and changing laws, and defining the respective functions of the three branches of government—and analyzes in these settings how politics inform and constrain philanthropy and related laws in the United States. We will see how individual and then mass philanthropy attempted to change some of the fundamental social and political dynamics that shape the day-to-day quality of life of Americans and their long-term trajectories of opportunity. We will explore the interplay of the private, public, nonprofit and philanthropic sectors. Students will look at modern philanthropy stepping onto the larger stage of public policy, civic relationships, and economic systems “in order to shatter calcified patterns of “injustice.” The Constitution helps frame philanthropic space even as its contours are themselves shaped by the private and political process. This enduring and always evolving relationship stands at the base of the American philanthropy project—and it is the font from which spring the values and principles that underpin American philanthropy. This course examines the foundational values and principles of philanthropy in America through the lens of historical and contemporary law and politics. We will discuss the great philanthropic moments from the birth of this nation to the present. Topics will include the American Revolution, Slavery, Abolitionists’ Trusts, post Civil War philanthropic compromises, Reforms, HBCUs, constitutional transformation, Hooverism, Tax dodges, The New Deal, Federal Bailout and Mortgage Foreclosure, Citizens United, and social change. 1 In addition, students in Philanthropy in Action have the opportunity to award $100,000 at the end of the semester to cause(s) and organization(s) of their own choosing. They will design their own metrics and solely be responsible for the deciding whom to fund. They will address Aristotle’s observation: “To give 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.” (384-322 BC) COURSE INFORMATION Meetings: F 2:00-4:50pm; Additional time may be required to participate in discussions with philanthropists. Nature, Amount of Work and Evaluation: Class Participation – Class participation is necessary for optimal seminar experience. Students should be prepared to discuss all the assigned reading assignments and participate in class discussions. Class participation and performance may also be considered to adjust final grades either up or down one grade increment. Class participation will be worth 25% of final grade. Attendance: Students are expected to abide by the ABA requirement of “regular and punctual class attendance,” in ABA Standard 304(e). Please inform me or the Dean for Students of any anticipated absence(s) prior to the class you expect to miss. Short Assignment – A brief writing assignment of 3-5 pages will be required before midterm. This short assignment will be worth 5%. Class Presentation – Student Teams will make brief oral/multimedia presentation to the class on a chosen topic relating to a charity and/or issue. This presentation is worth 10%. Mid-Term Paper 3-5 pages. Mid-term will be worth 10% of final grade. Final Paper/Project –Final Paper will be worth 50% of final grade. Conferences/Consultations: Instructor will provide opportunities to conference individually with students to discuss drafts of Final Paper. Media: Laptops are permitted but discouraged. Class discussions will be more enjoyable and useful for all of us if we pledge to commit our undivided attention to each other. No recording devices may be used without permission. Philanthropic Engagement: Students may be able to engage directly in philanthropy by giving $100k at the end of the semester to charities of their choice. Students will develop metrics determine what appropriate charity(ies) to fund and in what amounts. Guests/Mentors: Harry Belafonte, Bruce Cohen, Donna Dubinsky, Daniel Schwartz, Julian Bond, Mimi Gardner Gates, Liesel Pritzker and Ian Simmons, Jesse and Betsy Fink, Julian Balandina, Beth Neville Evans, Inge Reichenbach, Tim Gill, Ted and Nina Wells, Luis Ubinas, Mo Ibrahim, Muhammad Yunus, Joshua Mailman, Jon Stryker, the Bronfman Family and others. READING MATERIALS Readings will average 150 pages per week. At the first class meeting, students will be instructed which readings on the syllabus must be “read carefully” or which may be “skimmed.” The following required materials are available for purchase at the Yale bookstore: 2 Who Really Cares: The Surprising Truth About Compassionate Conservatism by Arthur C. Brooks Philanthrocapitalism: How the Rich Can Save the World By Matthew Bishop, Michael Green The Responsibilities of Wealth Dwight F. Burlingame editor, Indiana University Press (1992) Small Change: Why Business Won't Save the World By Michael Edwards The Foundation: A Great American Secret; How Private Wealth is Changing the World By Joel L. Fleishman Charity, Philanthropy, and Civility in American History, By Lawrence J. Friedman, Mark D. McGarvie Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty By Abhijit Banerjee, Esther Duflo How to Change the World: Social Entrepreneurs and the Power of New Ideas, Updated Edition By David Bornstein More Than Good Intentions: How a New Economics Is Helping to Solve Global Poverty By Dean Karlan, Jacob Appel Philanthropy Reconsidered: Private Initiatives - Public Good - Quality of Life By George McCully Uncharitable: How Restraints on Nonprofits Undermine Their Potential (Civil Society: Historical and Contemporary Perspectives) By Dan Pallotta Creating a World Without Poverty: Social Business and the Future of Capitalism By Muhammad Yunus Money Well Spent: A Strategic Plan for Smart Philanthropy (Bloomberg) By Paul Brest, Hal Harvey The Autobiography of Andrew Carnegie and The Gospel of Wealth by Andrew Carnegie (Paperback - Jul 5, 2010) American Sketches: Great Leaders, Creative Thinkers, and Heroes of a Hurricane By Walter Isaacson Creative Capitalism: A Conversation with Bill Gates, Warren Buffett, and Other Economic Leaders, Michael Kinsley (Editor), Conor Clarke (Contributor) Impact Investing: Transforming How We Make Money While Making a Difference 3 By Antony Bugg-Levine (Author), Jed Emerson (Author) Philanthropy in America: A History (Politics and Society in Twentieth-Century America) By Olivier Zunz (Author) Rambam’s Ladder: A meditation on Generosity and Why it is Necessary to Give (Workman Publishing, 2003) By Julie Salamon Giving Well: The Ethics of Philanthropy (Oxford University Press, 2010) By Patricia Illingworth, Thomas Pogge, Leif Wenar, eds Documentary Films: The Art of the Steal (Documentary that follows the struggle for control of Dr. Albert C. Barnes' 25 billion dollar collection of modern and post- impressionist art.) Sing Your Song (the story of Harry Belafonte) presented at the 2011 Sundance Film Festival and the 2011 Berlin Film Festival, as well as the 2011 Tribeca Film Festival.) Harvard Business School case studies, selected law review articles, periodical clippings of recent events germane to weekly topics (to be provided without charge by the professor on- line via Classes*v2). List of Harvard Business School And Other Case Studies & Articles 1. Path to Corporate Responsibility, S. Zadek 2. Fiji Water and Corporate Social Responsibility – Green Makeover or “GreenWashing” Richard Ivey School of Business, Univ. of Western Ontario 3. Hitting the Wall: Nike & International Labor Practices, D. Spar 4. McDonald’s, Wendy’s & Hedge Funds: Hamburger Hedging? Hedge Fund Activism and the Impact on Corporate Governance, D. Stowell 5. Multinational Corporation in Apartheid-era South Africa: The Issue of Reparations, G. Jones 6. Norway Sells Wal-Mart, Pozen & Sesia Other required materials will be made available electronically. Students wishing to explore subjects related to this course may find the non-required and entirely optional text both interesting and illuminating and is found at the end of the syllabus. WEBSITES RELEVANT TO PHILANTHROPY, NGOs, and PHILANTHROPIC CORPORATIONS. I have posted a number of sites under resources on https://classesv2.yale.edu LAW CASES Armstrong v. Lear, 33 U.S. 52 (1834) Hinds v. Brazealle, 3 Miss (2 How) 837 (1838) Kemper v. Trustees of Lane Seminary, 17 Ohio 293 (1848) Kemper v. Trustees of Lane Seminary, 17 Ohio 293 (1848) Green v. Lane, 43 N.C. (8 Ired. Eq.) 253 (1852) American Colonialism Soc. V. Gartrell, 23 Ga. 448, 464-465 (1857) Willis v. Jolliffee, 32 S.C. Eq. (11 Rich. Eq.) 447 (1860) 4 Jackson v. Wendell Phillips, 96 Mass, 539, 555 (1867)a United State v. Lee, 106 U.S. 196 (1882) Appeal of Sophia G. Coxe, 5 BTA 261, 262- 863 (1926) Slee v. Commissioner, 42 F2d 184 (2d Cir. 1930) Bob Jones University v. United States, 461 U.S. 574 (1983) Hodel v. Irving, 481 U.S. 704 (1987) Babbitt v. Youpee, 519 U.S. 234 (1997) Boy Scouts of America et al. v. Dale, 530 U.S. 640 (2000) Citizens United v. Federal Election Commission, 558 U.S.
Recommended publications
  • Philanthrocapitalism, Past and Present: the Rockefeller © 2014 Anne-Emanuelle Birn
    REVIEW 1 / 27 Please cite this article as: University of Toronto Received: 2013/04/07; Accepted: 2014/08/18; Posted online: 2014/11/1 Correspondence: [email protected] Anne-Emanuelle Birn, Philanthrocapitalism, past and present: The Rockefeller © 2014 Anne-Emanuelle Birn. This is an Open Access Foundation, the Gates Foundation, and the setting(s) of the international/ article distributed by Hypothesis under the terms of the global health agenda. Hypothesis 2014, 12(1): e8, doi:10.5779/hypothesis. Creative Commons Attribution License (http://creative- commons.org/licenses/by/3.0/), which permits unrestric- v12i1.229. ted use, distribution, and reproduction in any medium, provided the original work is properly cited. Philanthrocapitalism, past and present: The Rockefeller Foundation, the Gates Foundation, and the setting(s) of the international/global health agenda Anne-Emanuelle Birn exigencies, and reach of global health INTRODUCTION International health Each of these two über-powerful foun- challenges the leadership and capacity philanthropy, comparing the goals, para- philanthropy, American-style, is back. dations emerged at a critical juncture in of public multilateral agencies, pushing digms, principles, modus operandi, and Almost exactly a century after the the history of international/global health. ahead an overlapping global health gov- agenda-setting roles of the Rockefeller Rockefeller Foundation began to use Each was started by the richest, most ernance arrangement with a huge role and Gates Foundations in their historical John D. Rockefeller’s colossal oil profits ruthless and innovative capitalist of his allotted for the private sector10. Both contexts. It proposes that the Rockefeller to stake a preeminent role in shaping day1,2.
    [Show full text]
  • Just Another Emperor? the Myths and Realities of Philanthrocapitalism
    J U Business involvement in philanthropy is increasing S day by day, but is it a blessing, a curse, or somewhere T A in between? Just Another Emperor? N take a comprehensive and critical look at this vital new O T phenomenon. Whatever position you take, this will be H E one of the most important debates of the next 10 years. R E For more information, visit www.justanotheremperor.org. M PE R O R ? - and Washington, DC, and active fellows and board members across the United States, Dēmos publishes research reports and books, hosts public forums, and works with advocates and policymakers around the country 7 in pursuit of three overarching goals: a more equitable economy; a vibrant 3 - JUST and inclusive democracy; and a public sector capable of addressing shared 2 challenges and working for the common good. + aaaNOWY]Y\Q / 6 / . A ANOTHER + < The Young Foundation is a centre for social innovation based in London. It combines research, social venture funds and local projects, and = hosts the global social innovation exchange which links several hundred EMPEROR? organisations around the world. Since its foundation in the 1950s it has been a pioneer of social entrepreneurship and innovation and has helped to create over 100 successful organisations, from the Open University and Consumer Association to schools for social entrepreneurs D and websites like FixMyStreet.com. ē m o aaacY_XQPY_XNK^SYXY\Q s JUST ANOTHER EMPEROR? Michael Edwards Just Another Emperor? The Myths and Realities of Philanthrocapitalism by Michael Edwards First published and distributed 2008 by Demos:- A Network for Ideas & Action and The Young Foundation.
    [Show full text]
  • QUESTIONING the SUPER- RICH
    QUESTIONING the SUPER- RICH Representations, Structures, Experiences Paula Serafini and Jennifer Smith Maguire Abstract The authors outline how multiple dimensions — historical and contemporary; global and local; political, economic, social, and cultural — inform an understanding of the super- rich. Recent super- rich scholarship is reviewed with regard to three themes: discourses and representations; mechanisms and structures; experiences and identities. The empirical and conceptual insights of the contents are then highlighted, with regard to the significance of discourses of legitimacy, namely, those of meritocracy, civility, and luxury; the intersections of race and class that underpin assumptions about and representations of wealth; institutional and political- economic dynamics, in relation to international financial systems and property markets; and experiences and attitudes, examined via elites’ professional identities and cultural practices. The authors suggest that questioning the super- rich provides an avenue for the study of power in society, how it is reproduced, and how global hierarchies may be shifting. To that end, the articles attempt to make visible the brute force of the infrastructures (politics and policy, cultural and occupational conventions, financial devices and systems) that are occluded by the tendency to focus on the gloss of super- rich lifestyles; to draw attention to the long- term and newly emerging tensions within and between categories of wealth and of elites, and spheres of political, economic, and cultural activity; and to contribute to an understanding of how the accumulation of wealth is perpetuated and excused through discourses of legitimation, structural dynamics, and lived identities. These are much- needed critical interventions at a time of escalating inequality.
    [Show full text]
  • Norms and Narratives That Shape US Charitable and Philanthropic Giving Benjamin Soskis March 2021
    CENTER ON NONPROFITS AND PHILANTHROPY RESEARCH REPORT Norms and Narratives That Shape US Charitable and Philanthropic Giving Benjamin Soskis March 2021 ABOUT THE URBAN INSTITUTE The nonprofit Urban Institute is a leading research organization dedicated to developing evidence-based insights that improve people’s lives and strengthen communities. For 50 years, Urban has been the trusted source for rigorous analysis of complex social and economic issues; strategic advice to policymakers, philanthropists, and practitioners; and new, promising ideas that expand opportunities for all. Our work inspires effective decisions that advance fairness and enhance the well-being of people and places. Copyright © March 2021. Urban Institute. Permission is granted for reproduction of this file, with attribution to the Urban Institute. Cover image by Tim Meko. Contents Acknowledgments iv Executive Summary v Norms and Narratives That Shape US Charitable and Philanthropic Giving 1 The Rise of Large-Scale Philanthropy 3 Narratives of Mass Giving’s Decline in the United States 9 Megaphilanthropy and Everyday Giving during the COVID-19 Crisis 13 The COVID-19 Crisis, Mutual Aid, and the Revitalization of Everyday Giving 16 The Surging Popularity of Cash Transfers during the COVID-19 Crisis 21 The Development of Norms around Time-Based Giving 26 Time-Based Norms and Narratives during the COVID-19 Crisis 32 Giving Norms and Narratives in a Postpandemic World 36 Notes 39 References 46 About the Author 49 Statement of Independence 50 Acknowledgments This report was funded by the Bill & Melinda Gates Foundation, with additional support from the William and Flora Hewlett Foundation. We are grateful to them and to all our funders, who make it possible for Urban to advance its mission.
    [Show full text]
  • Impact Investing and Critiques of Philanthrocapitalism Benjamin Soskis June 2021
    CENTER ON NONPROFITS AND PHILANTHROPY RESEARCH REPORT Impact Investing and Critiques of Philanthrocapitalism Benjamin Soskis June 2021 ABOUT THE URBAN INSTITUTE The nonprofit Urban Institute is a leading research organization dedicated to developing evidence-based insights that improve people’s lives and strengthen communities. For 50 years, Urban has been the trusted source for rigorous analysis of complex social and economic issues; strategic advice to policymakers, philanthropists, and practitioners; and new, promising ideas that expand opportunities for all. Our work inspires effective decisions that advance fairness and enhance the well-being of people and places. Copyright © June 2021. Urban Institute. Permission is granted for reproduction of this file, with attribution to the Urban Institute. Cover image by Tim Meko. Contents Acknowledgments iv Impact Investing and Critiques of Philanthrocapitalism 1 The Messianism of Private Capital 3 Philanthrocapitalism and the Master’s Tools 5 The Agents of Privatization 8 The Meaning of Sacrifice, the Pursuit of Profit, and the Critique of the Win-Win 11 The COVID-19 Crisis as Test of Impact Investing 16 Notes 21 References 27 About the Author 29 Statement of Independence 30 Acknowledgments Support for this report was provided by the Tipping Point Fund on Impact Investing, a project of the New Venture Fund. The views expressed here do not necessarily reflects the views of the Tipping Point Fund on Impact Investing or New Venture Fund. We are grateful to them and to all our funders, who make it possible for Urban to advance its mission. The views expressed are those of the author and should not be attributed to the Urban Institute, its trustees, or its funders.
    [Show full text]
  • Patriotic Philanthropy? Financing the State with Gifts to Government
    Patriotic Philanthropy? Financing the State with Gifts to Government Margaret H. Lemos* & Guy-Uriel Charles** ABSTRACT This Article offers a positive and normative account of an important and growing trend: wealthy individuals are increasingly giving their money to the government to encourage the government to fund particular projects that these individuals want the government to pursue. Such gifts—dubbed “patriotic philanthropy” by one prominent donor—raise fundamental questions about the role that private money plays and ought to play in public policy-making. Legal academics have addressed these types of questions in other contexts, such as campaign financing, privatization of government, and private philanthropy. However, patriotic philanthropy, which presents a new and perhaps more effective way for wealthy individuals to influence the government, has generally escaped the attention of the legal literature. We aim to remedy that lacuna with this Article. Although we do not question the enormous good that patriotic philanthropy can do, this Article argues that gifts to government raise significant concerns about democratic process, equality, and state capacity. DOI: https://doi.org/10.15779/Z38N87303D Copyright © 2018 California Law Review, Inc. California Law Review, Inc. (CLR) is a California nonprofit corporation. CLR and the authors are solely responsible for the content of their publications. * Robert G. Seaks LL.B. ‘34 Professor of Law, Duke University. ** Edward and Ellen Marie Schwarzman Professor of Law, Duke University. Thanks to Matt Adler, Joseph Blocher, Curtis Bradley, Charlie Clofelter, Cary Coglianese, Deborah DeMott, Ofer Eldar, Joel Fleischman, Barry Friedman, Peter Frumkin, Kristin Goss, Mitu Gulati, Kim Krawiec, Rich Schmalbeck, and Larry Zelenak, as well as workshop and colloquium participants at Duke University School of Law, New York University School of Law, and William & Mary Law School, for helpful conversations and comments on earlier drafts.
    [Show full text]
  • Philanthrocapitalism and the Hidden Power of Big U.S. Foundations
    Zeitschrift für Sozialen Fortschritt 2017 | Vol. 6, No. 3, p. 203-209 Philanthrocapitalism and the Hidden Power of Big U.S. Foundations Kerstin Plank* Abstract This paper seeks to discuss the modern concept known as philanthrocapitalism. By shedding light on the philanthropic commitment of American billionaires, it investigates how super-rich benefactors exercise power by investing in huge foundations. A critical examination of the current rise of philanthrocapitalism is presented first, followed by a discussion on how foundations can be used to gain and maintain power to advance personal and business interests. The aim is to present a critical investigation of benefactors’ approaches to philanthropy. Keywords: Philanthropy, philanthrocapitalism, hegemony, Gates Philanthrokapitalismus: Intransparente Machtausübung durch große U.S. Stiftungen Zusammenfassung Dieses Paper behandelt Aspekte des modernen Konzeptes „Philanthrokapitalismus“. Der Fokus liegt dabei auf dem karitativen Engagement nordamerikanischer Milliardäre und den Strategien, durch die diese mithilfe von Stiftungen Macht ausüben können. Der erste Abschnitt beschäftigt sich mit dem derzeitigen Aufstieg des Philanthrokapitalismus. Der zweite Teil zeigt auf, wie Wohltäter und Wohltäterinnen ihre persönlichen und beruflichen Interessen fördern können. Schlagwörter: Philanthropie, Philanthrokapitalismus, Hegemonie, Gates * Kerstin Plank, Johannes Kepler Universität Linz. E-Mail: [email protected] 2017 | | Innsbruck Momentum Quarterly I ISSN 2226-5538 I momentum-quarterly.org Vol. 6, No 3 I DOI 10.15203/momentumquarterly.vol6.no3.p203-209 Beiträge in Momentum Quarterly stehen unter der Lizenz Creative Commons Namensnennung 4.0 International. Plank: Philanthrocapitalism and the Hidden Power of Big U.S. Foundations 1. Introduction The new design, both praised and harshly criticized, is labeled philanthrocapitalism. There are several terms On December 1, 2015 Facebook co-founder Mark that attempt to describe a similar phenomenon.
    [Show full text]
  • Policy Plutocrats: How America's Wealthy Influence Governance
    Policy Plutocrats: How America’s Wealthy Influence Governance American democracy faces serious challenges, including hyper-partisanship, declining public confidence in government, and legislative paralysis. When government cannot or will not act, civil society and its philanthropic patrons have offered an alternative mechanism of social change. This article documents how America’s billionaires are using their wealth, ideas, and political leverage to advance controversial policy goals, from deficit reduction, to school reform, to gun regulation. Drawing on an original dataset of nearly 200 leading philanthropists, I find that more than half have serious policy interests and ambitions. While receiving acclaim in some circles, these “policy plutocrats” often draw criticism for disregarding democratic processes, enhancing elite power, and inflicting ill-conceived experiments on disadvantaged populations. However, these donors also are subsidizing organizations that amplify the voice of unorganized issue publics and marginalized populations. These donors and their activities have opened a vast research frontier for normative and empirical political science. Note: The final version of this manuscript appeared as Kristin A. Goss, “Policy Plutocrats: How America’s Wealthy Seek to Influence Governance,” PS: Political Science and Politics, 49 (3), 2016, 442-448. Please cite to the published article. Check quotations and figures against the published version. Democratic governance in the United States is under threat on several fronts: the growing concentration of wealth and political power in the hands of a relatively few individuals, the public’s steadily declining faith in government’s ability to respond effectively to public problems, and hyper-partisanship that makes compromise – the bread and butter of American democracy – very difficult to achieve (Bartels 2010; Gilens and Page 2014; Hacker and Pierson 2011; Mann and Ornstein 2012).
    [Show full text]
  • The Example of the Bill & Melinda Gates Foundation
    Roger Williams University Law Review Volume 26 Issue 1 Winter 2021 Article 2 Winter 2021 Rethinking the Role of NGOs in an Era of Extreme Wealth Inequality: The Example of the Bill & Melinda Gates Foundation John J. Chung Roger Williams University, [email protected] Follow this and additional works at: https://docs.rwu.edu/rwu_LR Part of the International Humanitarian Law Commons, and the Nonprofit Organizations Law Commons Recommended Citation Chung, John J. (2021) "Rethinking the Role of NGOs in an Era of Extreme Wealth Inequality: The Example of the Bill & Melinda Gates Foundation," Roger Williams University Law Review: Vol. 26 : Iss. 1 , Article 2. Available at: https://docs.rwu.edu/rwu_LR/vol26/iss1/2 This Article is brought to you for free and open access by the School of Law at DOCS@RWU. It has been accepted for inclusion in Roger Williams University Law Review by an authorized editor of DOCS@RWU. For more information, please contact [email protected]. Articles Rethinking the Role of NGOs in an Era of Extreme Wealth Inequality: The Example of the Bill & Melinda Gates Foundation John J. Chung* INTRODUCTION We live in a world of extreme wealth inequality. Billionaires at one time were a rarity. In 1985, there were fourteen billionaires.1 Today, there are 2,604.2 Moreover, the total amount of their net worth is breathtaking. In 1985, the richest billionaire had a net worth of $2.8 billion.3 Today, the richest have more than $100 billion each.4 At the top are two familiar names, Bill Gates * Professor, Roger Williams University School of Law; B.A., Washington University (St.
    [Show full text]
  • Who's Afraid of Philanthrocapitalism ?
    Case Western Reserve Law Review Volume 61 Issue 3 Article 4 2011 Who's Afraid of Philanthrocapitalism ? Garry W. Jenkins Follow this and additional works at: https://scholarlycommons.law.case.edu/caselrev Part of the Law Commons Recommended Citation Garry W. Jenkins, Who's Afraid of Philanthrocapitalism ?, 61 Case W. Rsrv. L. Rev. 753 (2011) Available at: https://scholarlycommons.law.case.edu/caselrev/vol61/iss3/4 This Article is brought to you for free and open access by the Student Journals at Case Western Reserve University School of Law Scholarly Commons. It has been accepted for inclusion in Case Western Reserve Law Review by an authorized administrator of Case Western Reserve University School of Law Scholarly Commons. 1/13/2011 11:14:11 PM WHO’S AFRAID OF PHILANTHROCAPITALISM? Garry W. Jenkins† This Article explores the concept of philanthrocapitalism—an emerging model for charitable giving intended to enhance the practice of philanthropy through the application of certain business techniques, particularly envisioned as being deftly carried out by a subset of ultra-rich, experienced business people. During the past fifteen years, but most strikingly in the past five, private foundations influenced by philanthrocapitalism and its forbearers have become increasingly directive, controlling, metric focused, and business oriented with respect to their interactions with grantee public charities in an attempt to demonstrate that the work of the foundations is “strategic” and “accountable.” Combining empirical analysis and theoretical critique, this Article challenges the prevailing wisdom that philanthrocapitalism offers a better, smarter philanthropy, thereby strengthening the entire nonprofit sector. In fact, after observing and documenting the tenets of and rhetoric associated with philanthrocapitalism, there is a serious risk that the shift to business-like, market-driven giving may change the nature of philanthropy in ways we will come to regret.
    [Show full text]
  • Conceptualising Social Value: Perspectives of the Public, Private and Third Sectors in the UK
    Conceptualising Social Value: Perspectives of the Public, Private and Third Sectors in the UK Submitted for the Degree of Doctor of Philosophy At the University of Northampton 2018 Payal Jain © [Payal Jain] [2018]. This thesis is copyright material and no quotation from it may be published without proper acknowledgement. Abstract 1 | P a g e In present times when economic recession has impacted all the countries in the world to some extent, different approaches have been adopted by governmental and non-governmental organisations to maximise the provision of social benefit. The UK Government, for instance, launched the Social Value Act in 2012 and implemented it in 2013, requiring organisations to create social and environmental value in addition to the economic value during public procurement processes. This act encouraged the collaboration of public, private and third sectors to focus on social value creation for the benefit of beneficiaries. However, the construct of social value remains ambiguous and subjective as it is understood and practiced differently by societal stakeholders, leading to the conduct of this research study. This research study takes a qualitative approach to study the concept of social value within the UK society. The research utilised Q method to understand the construct of social value and interviewed individuals creating social value in the UK to understand the process of social value creation. Results from the Q method indicated four different facets of social value: action-driven, outcomes-driven, sustainability-driven and pluralism-driven social value. The results from the qualitative data provided insights into the process adopted by stakeholders for the creation of social value, which includes three phases: individual and collaborative responses, resource mobilisation and impact on social value creation.
    [Show full text]
  • Venture Philanthropy in Development Dynamics, Challenges and Lessons in the Search for Greater Impact
    VENTURE PHILANTHROPY IN DEVELOPMENT DYNAMICS, CHALLENGES AND LESSONS IN THE SEARCH FOR GREATER IMPACT For more information: [email protected] www.oecd.org/site/netfwd DYNAMICS, CHALLENGES AND LESSONS IN THE SEARCH FOR GREATER IMPACT VENTURE PHILANTHROPY IN DEVELOPMENT - net FWD GLOBAL NETWORK OF FOUNDATIONS © Sarunyu_foto/Shutterstock.com © WORKING FOR DEVELOPMENT Cite this study as: OECD netFWD (2014), “Venture Philanthropy in Development: Dynamics, Challenges and Lessons in the Search for Greater Impact”, OECD Development Centre, Paris. VENTURE PHILANTHROPY IN DEVELOPMENT DYNAMICS, CHALLENGES AND LESSONS IN THE SEARCH FOR GREATER IMPACT PB VENTURE PHILANTHROPY IN DEVELOPMENT © OECD 2014 net 1FWD GLOBAL NETWORK OF FOUNDATIONS WORKING FOR DEVELOPMENT The Development Centre of the Organisation for Economic Co-operation and Development was established by decision of the OECD Council on 23 October 1962 and comprises 24 member countries of the OECD: Austria, Belgium, Chile, the Czech Republic, Finland, France, Germany, Iceland, Ireland, Israel, Italy, Korea, Luxembourg, Mexico, the Netherlands, Norway, Poland, Portugal, Slovak Republic, Spain, Sweden, Switzerland, Turkey and the United Kingdom. In addition, the following non-OECD countries are members of the Development Centre: Brazil (since March 1994); India (February 2001); Romania (October 2004); Thailand (March 2005); South Africa (May 2006); Egypt and Viet Nam (March 2008); Colombia (July 2008); Indonesia (February 2009); Costa Rica, Mauritius, Morocco and Peru (March 2009), the Dominican Republic (November 2009), Senegal (February 2011), Argentina and Cape Verde (March 2011) and Panama (July 2013). The European Union also takes part in the Centre’s Governing Board. The Development Centre, whose membership is open to both OECD and non-OECD countries, occupies a unique place within the OECD and in the international community.
    [Show full text]