OXFORD UNIVERSITY PRESS

New Frontiers of Philanthropy: A Guide to the New Tools and New Actors That are Reshaping Global Philanthropy and Social Investing

ISBN : 9780199357543

Price(incl.tax): 
¥9,394
Author: 
Lester M. Salamon
Pages
768 Pages
Format
Hardcover
Size
188 x 259 mm
Pub date
Jul 2014
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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, it is increasingly clear that new models for financing and promoting social and environmental objectives have become urgently needed. Fortunately, however, a significant revolution appears to be underway in the way in which social and environmental purposes are being financed. The heart of this revolution is a massive explosion in the instruments and institutions being deployed to mobilize private resources in support of social and environmental objectives. Where earlier such support was limited to charitable gifts, now a bewildering array of new instruments and institutions has surfaced-loans, loan guarantees, private equity, barter arrangements, social stock exchanges, bonds, secondary markets, investment funds, and many more-all of them designed to leverage not just the tens of billions of dollars of philanthropic grants but the hundreds of billions, indeed trillions, of dollars of private investment capital. While the changes under way are inspiring and by no means trivial, however, they remain largely uncharted in any systematic fashion. This monograph, and of the companion volume for which it also serves as the introductory chapter, is designed to overcome this problem, to provide the first comprehensible and accessible roadmap to the full range of important new developments taking place on the frontiers of philanthropy and social investment. In the process, it seeks to broaden awareness of these developments, increase their credence and traction, and make it possible to maximize the benefits they can generate while acknowledging the limitations and challenges they also face.

Index: 

TABLE OF CONTENTS
List of Illustrations
Acknowledgements
Foreword
William Dietel
Preface
Mario Morino
Directory of Participants
PART 1: INTRODUCTION
1. The Revolution on the Frontiers of Philanthropy: An Introduction
Lester M. Salamon
PART 2: NEW ACTORS
2. Capital Aggregators
Lisa Richter
3. Secondary Markets
David J. Erickson
4. Social and Environmental Exchanges
Durreen Shahnaz, Robert Kraybill, and Lester M. Salamon
5. Foundations as "
Lester M. Salamon and William Burckart
6. Enterprise Brokers
Lisa Hagerman and David Wood
7. Capacity Builders and Venture Philanthropy
Melinda T. Tuan
8. Online Portals and Exchanges
Vince Stehle
9. Corporate-Originated Charitable Funds
Rick Cohen
10. Funding Collaboratives
Angela M. Eikenberry and Jessica Bearman
PART 3: NEW TOOLS
11. Overview: The New Tools of "
Luther Ragin
12. Loans, Loan Guarantees, and Credit Enhancements
Norah McVeigh and Julia Sass Rubin
13. Fixed-Income Securities
Shari Berenbach and Elise Balboni
14. Securitization
Mary Tingerthal
15. Private Equity Investments
Monica Brand and John Kohler
16. Social Impact Bonds/Pay-for-Success
Drew von Glahn and Caroline Whistler
17. Insurance
Craig Churchill and Lauren Peterson
18. Socially Responsible Investing and Purchasing
Steve Lydenberg and Katie Grace
19. Grants
Peter Frumkin
PART 4: CROSS-CUTTING ISSUES
20. Who Gains, Who Loses? Distributional Impacts of the New Philanthropic Marketplace
Part A: Mike Edwards
Part B: Matthew Bishop and Michael Green
21. The Demand Side of the Philanthropic Marketplace
Alex Nicholls and Rodney Schwartz
22. The Elusive Quest for Impact: The Evolving Practice of Social Impact Measurement
Brian Trelstad
23. The New Frontiers of Philanthropy in Global Perspective
Maximilian Martin
24. Creating a More Enabling Environment: A Policy Agenda for the New Frontiers of Philanthropy
Shirley Sagawa
Glossary of Terms
Bibliography
Index

About the author: 

Director, Center for Civil Society Studies, Institute for Policy Studies, Johns Hopkins University, and Editor, The Tools of Government

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