Desire for adventure and new experiences, the wish to meet new people or find meaning - these motivations are the driving forces behind philanthropy and have changed little over years. "Philanthropy" stems from the Greek: "love of humanity" and takes many forms. However, over the last two decades, donors' new expectations in activity have greatly modified both how philanthropy is viewed and practiced.
- giving late in life
- a foundation is the main institutional vehicle
- making donations
- setting general goals
- donors support causes in order to "do good"
- giving throughout lifetime
- a foundation is one option among others
- making donations or investments
- setting specific objectives
- donors wish to have an impact
- Philanthropy : committing time, money or skills to support the development of actions promoting the general interest
- Current growth : there have never been so many potential resources available. In Germany, 40% of foundations were set up over the last decade with over 850 foundations created each year. France and Switzerland also recorded major growth in this sector whilst Americans gave close to US$ 250 billion (1.85% of their GNP) in 2005.
- Strategic philanthropy : clear impact, independent sources of information, exchange of information between donors and their personal involvement - the trend is growing stronger. Donors want generosity to go hand in hand with real opportunities. They no longer wish to provide aid for a problem but rather, to finance solutions and be assisted in this approach by independent specialists who help them to better understand the challenges and guarantee the impact of their donations.
- Looking Out for the Future, an Orientation for Twenty-First Century Philanthropists,
Katherine Fulton and Andrew Blau, edited by Monitor Group, 2005
Philanthropy is all about choices: the choice to give, the choice of how to give and who to give it to, even the choice of when to declare victory or admit failure. This website is designed to help you make sense of those choices—whether you are an individual giver, a professional, a board member, an advisor or someone who simply cares enough about philanthropy to want to make it better than it is today.
- Philanthrocapitalism: How the Rich Can Save the World,
Matthew Bishop and Michael Green, New York: Bloomsbury Press, November 2008
Philanthrocapitalism is an essential resource that provides the most comprehensive and well-researched review of contemporary global giving that exists to date. Bishop and Green authoritatively map out the terrain of philanthropy at the start of the 21st century.
- Just Another Emperor? The Myths and Realities of Philanthrocapitalism,
Michael Edwards, New York: Demos and The Young Foundation, February 2008.
In Just Another Emperor? Edwards critiques the claims he sees being made by philanthrocapitalists in the US - "a new movement is afoot that promises to save the world.” The book is an interesting and provocative one that brings debates about philanthropy to wider attention.