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The Future of Philanthropy: Economics, Ethics, and Management

The Future of Philanthropy: Economics, Ethics, and Management

Susan U. Raymond

ISBN: 978-0-471-65589-3

Apr 2004

352 pages



The allocation of limited public and private resources depends on reliable data and empirical analysis, and The Future of Philanthropy is filled with hard-to-find data, graphs, and charts, as well as full citation and source lists at the end of each chapter. It raises unsettling questions about the very assumptions upon which nonprofits are built and financed and about the future of nonprofit and philanthropic decision-making. Written to provoke thoughtful debate, as well as illuminate elusive objective data, this resource also sheds new light on the challenges that face the nation’s "Third Sector" as public and governmental regulation has become more focused on the transparency and accountability of philanthropy and its recipients.

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List of exhibits.


Section One: Philanthropy and the Economy.

Introduction to the Issues.

Measuring the Economic Importance of Nonprofits: What Happens When Methods Change.

Size Counts in the Foundation World: The Dilemma of Absorptive Capacity.

What You Know or Who You Know? Relationships Matter.

Foundation Endowments: How Big? How Vulnerable?

Does Philanthropy Interfere with Markets?

Venture Philanthropy: Two Sides of the Coin.

Wages in the Nonprofit Sector: Poor Cousin or Twin Sister?

Diversity and Governance: The Not-Good News.

Minority Philanthropy: The Future Has Arrived.

Will There Be a Nonprofit Shakeout? Comparing Nonprofits to Small Business Trends.

The Growing Demand for Philanthropic Accountability: Will There Be Room for Risk?

Managing through the Market: Responding to Severe Economic Cycles.

The Philanthropic Instinct: Government Walks the Talk.

Does Wall Street Matter? The Unknowns about Elasticities.

Section Two: Ethics and Accountability.

Introduction to the Issues.

How Shall We Govern Ourselves?

The Mission Meets the Numbers: Is It Okay to Lie?

A Privilege and an Obligation: Why Stewardship Matters and Competition Is a Good Thing.

Are Organizational Hybrids Nonprofits?

The Problem of Fairness.

Have We Learned Nothing? Practical Applications of Lessons from Corporate Scandal.

Great Expectations Collide: The Consequences of Assumptions.

Section Three: Nonprofit Management Dilemmas.

Introduction to the Issues.

Organizational Benchmarking: Management Solution or Performance Petard?

The Illusion of Knowing Something: The Diversity of Nonprofit Definitions.

Philanthropy and the Nonprofit Budget Cycle: No Silver Bullet.

State Budget Deficits: Why Red Ink Today Will Plague Management Tomorrow.

Drilling Down: Deeper Revenue Sources for Nonprofits.

Nonprofit Compensation: Charitable Managers and Their Tax-Exempt Colleagues.

To: Nonprofit Human Resources Managers; From: Washington; Subject: Watch Your Back.

Estate Taxes and Giving: Crepe Armbands versus Thinking Caps.

The Growth of the Nonprofit Sector: Is It Really Real?

When Philanthropy Demands Evidence and Results: Developing a Compelling Rationale for Funding.

What History Teaches about the Root Systems That Nourish Philanthropy.

Section Four: Philanthropy and Healthcare.

Introduction to the Issues.

Healthcare in the Twenty-First Century: Why the Charity Gap Will Grow.

Hospital Philanthropy: David versus Goliath.

Fighting Disease with Philanthropy: Who Gets the Funds?

Picking Targets: Healthcare Philanthropy’s Unenviable Task.

Philanthropy and the Academic Medical System: Cavalry to the Rescue? Or, Hope Springs Eternal?

Mental Illness: Major Health Burden; But Is It a Philanthropic Priority?

Section Five: Philanthropy and Education.

Introduction to the Issues.

With College Costs Rising Quickly, Can Philanthropy Close the Gap?

Scholarship Grants: You Can’t Always Get What You Need.

University Foundations: Memo to the Dean: After the Faculty Meeting, Check the Dow.

Philanthropy in K-12 Education: A Minor Player Missing a Major Opportunity.

Learning to Be Charitable: Is It a Girl Thing?

Philanthropy and National Academic Research Funding.

Section Six: U.S. Philanthropy in an International Context.

Introduction to the Issues.

America’s International Giving: Search Elsewhere for Scrooge.

The International Scope of the Nonprofit Sector.

The Globalization of Education: How Important Is Philanthropy?

Indigenous Philanthropy: Poorer Nations Also Give.

North of the Border: Canada-United States Philanthropic Comparisons.

Is Europe Poised for a Golden Age of Community Philanthropy?

Evidence of Philanthropic Impact: A De Novo Case from Poland and the Lessons It Teaches.

Learning from International Conflict: Philanthropic Strategy Is as Important as Sympathy.

Section Seven: Corporate Philanthropy.

Introduction to the Issues.

Corporate Giving: A Workhorse in Small States.

Gifts in Kind: The Good of Goods.

Corporate Giving and Tax Policy: Let’s Do the Math.

Global Health and Corporate Philanthropy: Fickle Funder or Lasting Partner?

Section Eight: Reflections on September 11, 2001.

Introduction to the Issues.

Philanthropy Put to the Test.

U.S. Diversity Creates Philanthropic Opportunity. . .and Risk.

Did September 11 Change Philanthropy Forever?


  • Includes hard-to-find data, graphs, and charts as well as full citation and source lists at the end of each essay
  • Dr. Raymond speaks regularly at conferences and seminars and provides training seminars to Changing Our World clients regarding global philanthropic trends and grantmaker expectations regarding accountability.