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This volume presents the first comprehensive and authoritative account of the new actors and tools revolutionizing global philanthropy and social investment at the present time. At a time of declining government resources and limited charitable capability, this development represents one of the most hopeful signs for gaining meaningful traction on the globe's escalating problems of poverty, environmental degradation, and despair.
List of contents
- Preface by Rip Rapson
- Acknowledgements
- Chapters
- 1. Introduction: The Revolution on the Frontiers of Philanthropy and Social
- 2. Scouting Philanthropy's New Frontier I: The New Actors
- 3. Scouting Philanthropy's New Frontier II: New Tools
- 4. Why Now?
- 5. Remaining Obstacles
- 6. Prescription: The Way Forward
- Appendix
- A: New Frontiers of Philanthropy Advisory Panel
- B: Table of Contents for Companion Volume, New Frontiers of Philanthropy: A Guide to the New Actors and Tools Reshaping Global Philanthropy and Social Investing
- Bibliography
About the author
Lester M. Salamon served as deputy associate director of the US Office of Management and Budget and is now Professor at the Johns Hopkins University and Director of the Johns Hopkins Center for Civil Society Studies.
Summary
With the resources of both governments and traditional philanthropy barely growing or in decline, yet the problems of poverty, ill-health, and environmental degradation ballooning daily, new models for financing social and environmental objectives are urgently needed. Fortunately, a revolution is underway in the instruments and institutions available to meet this need. Loans, loan guarantees, private equity, barter arrangements, social stock exchanges, bonds, social secondary markets, and investment funds are just some of the actors and tools occupying the new frontiers of philanthropy and social investment. Together they hold the promise of leveraging for social and environmental purposes not just the billions of dollars of charitable grants but the hundreds of billions, indeed trillions, of dollars of private investment capital.
While the changes under way are inspiring, they remain largely uncharted. This concise introduction to the topic, and its companion volume, provide the first comprehensive and accessible roadmap to these important advances. In the process, these works will better equip investors, philanthropists, social entrepreneurs, nonprofit leaders, business executives, government officials, and students the world over to capture the opportunities that these developments hold out to them and to our world.
Additional text
Here in one place are the varied contributions to the brave new world of social investing - essential reading and clearly explained.
