Mapping the New World of American Philanthropy Causes and Consequences of the Transfer of Wealth

by Raymond, Susan U.; Martin, Mary Beth

• ISBN13: 9780470080382
• ISBN10: 0470080388
• Edition: 1st
• Format: Hardcover
• Copyright: 2007-04-13
• Publisher: Wiley

Summary

Praise for Mapping the New World of American Philanthropy Causes and Consequences of the Transfer of Wealth "This book does a wonderful job of guiding the reader through the increasingly changing world of philanthropy. These changes must drive dramatic change in the not-for-profit sector if it is to respond efficiently and effectively. Only then will we be able to maintain the quality of our society." -Thomas J. Moran, Chairman, President, and CEO of Mutual of America "The Great Wealth Transfer has been a mantra for years for fundraisers and donors alike. What does it really mean? Susan Raymond and Mary Beth Martin bring rigorous analysis and profound insights to the phenomenon in this book, which provides the definitive map for navigating a brave new world of philanthropy." -Fiona K. Hodgson, Vice President for Leadership Giving, Save the Children The anticipated transfer of wealth between generations-and its practical implications for philanthropy-is the subject of much interest in the nonprofit community. Edited by noted nonprofit experts Susan Raymond and Mary Beth Martin, Mapping the New World of American Philanthropy offers candid, insightful essays that offer an insider's look at every angle of wealth transfer, with contributions by leaders in the field of philanthropy, including: Marc H. Morial Preston H. Koster Steven DiSalvo Nora Campbell Wood Rodney W. Nichols With hard-to-find data, graphs, and charts, as well as other practical tools, Mapping the New World of American Philanthropy is your seminal guide to prepare for the coming intergenerational transfer of wealth that will affect your nonprofit and?philanthropy in general. Get practical insights and strategies from the most experienced wealth transfer leaders and practitioners in America.

Author Biography

Susan U. Raymond, PhD, is Senior Managing Director of Research, Evaluation, and Strategic Planning for Changing Our World, Inc. and its philanthropy division, Archimede Philanthropy Partners. She has extensive experience in research, analysis, and planning, most recently with the prestigious New York Academy of Sciences. At the Academy, she created the first technology and public policy program, and then became Director of Strategic Planning and Special Projects. Prior to this, Dr. Raymond was a project officer at the World Bank and a senior consultant to the U.S. Agency for International Development and to various private organizations including the Carnegie Corporation, specializing in healthcare and international economic research.

Mary Beth Martin, Esq., is a Senior Managing Director at Changing Our World, Inc. and its philanthropy division, Archimede Philanthropy Partners, overseeing the firm's Boston office. With nearly twenty years' experience in the fundraising field, she has done extensive work in higher education, focusing primarily on planned giving, major gifts, and capital campaigns. Since joining Changing Our World, she has provided planned giving advice to numerous clients, in addition to providing fundraising strategy and capital campaign oversight. She has addressed both national and regional organizations as well as numerous nonprofit boards and development professionals on the topic of planned giving.

Table of Contents

About the Authors

About the Contributors

Preface: The Defining Legacy of Our Generation

Introduction: Being All That We Can Be

The Causes: Social and Economic Pressures

Forming the New World

Demographic Trends: America the Old

Ethnic Philanthropy in the Face of Major Demographic Change in the Twenty-First Century

Women and the Wealth Transfer

Philanthropy with Less Than Nine Zeros: The Philanthropic Participation of the Middle Class and the Next Generations

The Next Generation Takes the Controls: Philanthropic, Structural and Investment Considerations for Establishing Foundations for the Wealthy Individual

The Evolution of the Tactical Philanthropist

It Really Is a Small World after All: Globalization and Philanthropy

The Effects: The New World Meets the Old Ways

Listening to the Critics: Who Is Actually Transferring What? Family Foundation Formation

The Rise of Donor Advised Funds

New Philanthropy Has Arrived-Now What? Work for a Giving: Anticipating the Future of Corporate Employee Involvement Programs

Planned Giving: Risks and Rewards in a Competitive Marketplace

The Inf luence of Women Philanthropists

The Nonprof it as a Business Enterprise: Adapting to the Expanding Philanthropic Market

Philanthropic Solutions: Better Capacity for More Complex Times

Technology Ascendant: Connecting the Philanthropist with Philanthropy

The Impacts: Shifts, Adjustments, and Realignments

Expansion of the Nonprof it Sector: Bigger, for Sure

But Is That Better? Flexing Economic Muscles: The Nonprof it Sector and Economic Growth

Committees of Discernment: A Strategy for a Shared Vision for Philanthropy

Markets for International Development

Analysis of Philanthropy for Science and Technology Part I: Pasteur's Quadrant

Analysis of Philanthropy for Science and Technology Part II: Opportunities in Funding Science and Technology

When Philanthropy Isn't Just About Philanthropy: Cause-Related Marketing and Cause-Branding

Going to Scale: Realizing the Potential of the New Philanthropy

Private Philanthropy and Government: Friends or Foes? The Political Dimensions of Change: Philanthropy as Power in the Corridors of Foreign Policy

The Reactions: New Rules for a New World

The Tax Man Cometh: Should Nonprof its Pay? We the People: Public Trust and Expectations

American Philanthropy and the Drive for Results: A Plea from the World of Ideas

When Charities Behave Badly: State Attorneys General on the Case

Money Moves on the Nonprof it Dance Floor: The Consequences of a Faster Tempo

Index

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