The Essence of Strategic Giving: A Practical Guide for Donors and Fundraisers

University of Chicago Press
Free sample

In the face of global financial problems and stressed government budgets, the ability of private philanthropy to step in and help solve public problems—and support vital private institutions as well—has perhaps never been more important. But how can donors be sure their contributions will be effective? And how can fundraisers make their case for support in a way that is compelling and productive?


With The Essence of Strategic Giving, Peter Frumkin distills the lessons of his comprehensive, award-winning study, Strategic Giving, into a concise, practical guide for everyone involved in private philanthropy, from donors to managers of nonprofits to fund-raisers. He defines five critical challenges that all donors must address if their philanthropy is to amount to more than indiscriminate charity, including being aware of the time frame that guides a gift, specifying the intended impact being pursued, and recognizing how a donation fits with a donor’s own identity and style. Acknowledging and understanding these fundamental, strategic aspects of giving, Frumkin argues, will help ensure philanthropy that more effectively achieves its aims—and at the same time builds a lasting relationship between donors and the institutions they support.


As the next generation of donors wrestle with the challenge of effectively distributing what Andrew Carnegie called “surplus wealth,” Frumkin’s road map will be an indispensible resource for years to come.

Read more
Collapse

About the author

Peter Frumkin is professor of social policy and faculty director of the Center for High Impact Philanthropy, both at the University of Pennsylvania. He is the author of Strategic Giving and The Essence of Strategic Giving.

Read more
Collapse
Loading...

Additional Information

Publisher
University of Chicago Press
Read more
Collapse
Published on
Sep 15, 2010
Read more
Collapse
Pages
192
Read more
Collapse
ISBN
9780226266305
Read more
Collapse
Read more
Collapse
Read more
Collapse
Language
English
Read more
Collapse
Genres
Business & Economics / General
Business & Economics / Nonprofit Organizations & Charities / General
Read more
Collapse
Content Protection
This content is DRM protected.
Read more
Collapse
Read Aloud
Available on Android devices
Read more
Collapse

Reading information

Smartphones and Tablets

Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.

Laptops and Computers

You can read books purchased on Google Play using your computer's web browser.

eReaders and other devices

To read on e-ink devices like the Sony eReader or Barnes & Noble Nook, you'll need to download a file and transfer it to your device. Please follow the detailed Help center instructions to transfer the files to supported eReaders.
Praise for Endowment Building

"This comprehensive work shows how endowments can provide multiple opportunities for donor involvement when the solicitation program is well designed and integrated with other fund development and program goals. Emphasizing the critical ethical issues inherent in marketing and structuring endowment gifts, it is an excellent reference manual and training guide."
--Joanne Scanlan, PhD, Senior Vice President for Professional Development Council on Foundations, Washington, D.C.

"Endowment Building provides both practical, hands-on advice and a philosophical, inspirational framework to guide novice and experienced mission-based organizations. Given the demographic opportunities and challenges facing the nonprofit world, this book is a must-read."
--Nancy Herrold Strapp, Executive Vice President and Chief Development Officer Buckhorn Children & Family Services, Louisville, Kentucky

"A comprehensive guide on how to start, grow, and maintain an endowment. It shows how to put theory into practice with numerous real-life examples and success stories."
--Joe Bull, Director of Planned Giving, The Ohio State University, Columbus, Ohio

"After you read this book, you will know what to do and how to do it. It is a wonderful tool for new and emerging community foundations!"
--Kay M. Marquet, President and CEO, Community Foundation Sonoma County, California

"Endowment Building is an insightful, succinct, easy-to-read resource on building successful endowment programs. It's a well-organized guide containing practical suggestions and reminders of things development professionals know but some-times forget."
--Jeff W. Smith, Vice President and Trust Counsel, Baptist Foundation of Texas, Dallas
Praise for BILLIONS OF DROPS in MILLIONS OF BUCKETS

"Billions of Drops in Millions of Buckets provides a bracing and original look at philan-thropy that offers a much-needed corrective to conventional wisdom. Steve Goldberg combines a resolve to understand why so much philanthropy accomplishes so little enduring social change with a timely and serious proposal to reinvigorate nonprofit capital markets through the simplest of insights: getting more of the money to where it can do the most good. This book will change how forward-looking philanthropists, foundations, and policymakers think about the relationship between charitable giving and the transformative capacity of social entrepreneurs."
—Jerr Boschee, founder and Executive Director, The Institute for Social Entrepreneurs; Visiting Professor of the Practice in Social Enterprise, Carnegie Mellon University

"Goldberg's arguments are logical next steps in the rapidly evolving discussion of social capital markets. He offers ambitious proposals informed by the reality of current practices and focused on an achievable set of goals. He fully recognizes the potential for restructuring that is inherent in this time of financial hardship. Real change relies on big ideas, and Steve Goldberg offers us several."
—Lucy Bernholz, author of Creating Philanthropic Capital Markets: The Deliberate Evolution

"When I first heard about 'evidence-based medicine,' I thought: 'you mean it isn't?' Read this book and that's how you'll feel about 'performance-based philanthropy.' Goldberg takes some of the best current management thinking and applies it to social enterprise, illuminating both the encouraging successes of social entrepreneurs and the barriers they face. Even better, he presents compelling ideas for making the social sector vastly more effective."
—Christopher Meyer, Chief Executive, Monitor Networks

"Goldberg calls for more 'performance-driven philanthropy,' where nonprofits are rewarded based on their results, in place of the current dysfunction. It is an important call and a valuable contribution to discussions about how to improve nonprofits in the U.S. and internationally."
—Martin Brookes, Chief Executive, New Philanthropy Capital

"Billions of Drops... is a must-read romp through emerging fields of social entrepre-neurship and nonprofit capital markets."
—George Overholser, founder and Managing Director, NFF Capital Partners

FROM GRANTMAKER TO LEADER
The past one hundred years has borne witness to an extraordinaryrevolution in the constitution and activities of philanthropicfoundations. The evolution of the governance of foundations-fromfounder to family to professionals to institutions-has necessarilyaltered the role that foundations play within a society. Ascommunity foundations, for example, strengthen the essentialcommunal fabric and help all organizations gain a financialfoothold, they find themselves at times in conflict with commercialgift funds, whose transactional nature between the donor and theorganization stimulates philanthropy in a wholly different fashion.From Grantmaker to Leader: Emerging Strategies for 21st CenturyFoundations takes stock of this shifting landscape, presenting boldleadership strategies for directing philanthropic organizationsinto the unchartered waters of the future.

Seasoned foundation executives Frank Ellsworth and Joseph Lumardaassemble an all-star roster of insider contributors, dividing theirtrenchant study into three sections. "From Carnegie to Gates: TheChanging Faces and Needs of Philanthropy" examines the history offamily and community foundations and how the turmoil of the "NewEconomy" will affect these organizations in the future. SectionTwo, "The Foundation's New Reach: The Emerging Role of Leader,Communicator, and Facilitator of Change" addresses the criticalresponsibility of effectively articulating a foundation's message,showing how messages can successfully penetrate the media. Finally,the third section "Building the Foundation Board of the 21stCentury: Diversity and Strategic Planning" analyzes all aspects offoundation boards of directors, including their makeup,responsibilities, backgrounds, necessary diversity, and the role ofboards in foundation planning. Throughout all three sections, FromGrantmaker to Leader tackles all the critical issues facingphilanthropic foundations today, such as:
* Transfer of wealth
* Legislative concerns
* IRS audits
* The role of foundations in public policy issues, such as campaignspending
* Accountability
* Planned giving
* Assessment of the effectiveness of giving
* Socially responsible investment and social return oninvestment

Even as the very nature of foundations has changed, a fundamentalquestion remains: will philanthropies play a more pervasive role insociety's future or will their influence forever remain elitist andselective? Writing directly for trustees, practitioners, foundationCEOs and CFOs, and every philanthropic professional, Ellsworth andLumarda make the convincing case that foundations matter more thanever, offering proven strategies for philanthropic success.

FRANK L. ELLSWORTH is a vice president at Capital Research andManagement Company, where he oversees and coordinates programs andservices to endowments in Los Angeles.

JOSEPH LUMARDA is the Executive Vice President of External Affairsfor the California Community Foundation in Los Angeles.
The philanthropic landscape is changing dramatically as a new generation of wealthy donors seeks to leave its mark on the public sphere. Peter Frumkin reveals in Strategic Giving why these donors could benefit from having a comprehensive plan to guide their giving. And with this thoughtful and timely book, he provides the much-needed framework to understand and develop this kind of philanthropic strategy.

After listening for years to scores of individual and institutional funders discuss the challenges of giving wisely, Frumkin argues here that contemporary philanthropy requires a thorough rethinking of its underlying logic. Philanthropy should be seen, he contends, as both a powerful way to meet public needs and a meaningful way to express private beliefs and commitments. He demonstrates that finding a way to simultaneously fulfill both of these functions is crucial to the survival of philanthropy and its potential to support pluralism in society. And he goes on to identify the five essential elements donors must consider when developing a philanthropic strategy—the vehicle through which giving will flow, the way impact will be achieved, the level of engagement and profile sought, the time frame for giving, and the underlying purpose of the gift. Frumkin’s point is that donors must understand strategic giving as the integration of these five critical dimensions to giving.

Essential reading for donors, researchers, and anyone involved with the world of philanthropy, Strategic Giving provides a new basis for understanding philanthropic effectiveness and a promising new way for philanthropy to achieve the legitimacy that has at times eluded it.

At a time when boundaries between the nonprofit, business, and public sectors have grown increasingly confused and contested, this volume by leading experts on nonprofit organizations offers new ideas and frameworks for understanding the terrain that lies between the state and the market. The chapters span a broad range of emerging issues including nonprofit commercialism, sector-bending hybrid organizational forms, increasingly sophisticated nonprofit advocacy activities, newly hatched forms of volunteerism and philanthropy, tensions in public-nonprofit contracting, and new roles for faith-based nonprofits in social provision. Contents include: Peter Frumkin, "Charity and Philanthropy After September 11th"; Joseph M. Knippenberg, "Faith, Hype, and Charity: Constitutional Controversies over Charitable Choice"; Leslie Lenkowsky, "The Bush Administration's Civic Agenda and National Service"; Mark E. Warren, "What is the Political Role of Nonprofits in a Democracy?"; Steven Rathgeb Smith, "Government and Nonprofits in the Modern Age: Is Independence Possible?"; Amy L. Sherman, "Faith in Communities: A Solid Investment"; Stephen V. Monsma, "Nonprofit and Faith-Based Welfare-to-Work Programs: Government's Partners or Government's Captives?"; Thomas H. Jeavons, "The Vitality and Independence of Religious Organizations: A Once and Future Trend"; Estelle James, "Commercialism--Does It Help or Hurt the Nonprofit's Mission?"; J. Gregory Dees and Beth Battle Anderson, "Sector-Bending: Blurring the Lines Between Nonprofit and For-Profit"; David Reingold, "Scaling-up National Service in an Era of Performance Measurement and Accountability." In Search of the Nonprofit Sector will be essential reading for scholars and practitioners interested in the pressing management and policy challenges facing nonprofit organizations today. Peter Frumkin is assistant professor of public policy at the John F. Kennedy School of Government, Harvard University and a senior fellow of the New America Foundation. Jonathan B. Imber is editor-in-chief of Society and Class of 1949 Professor of Ethics and professor of sociology at Wellesley College.
©2019 GoogleSite Terms of ServicePrivacyDevelopersArtistsAbout Google|Location: United StatesLanguage: English (United States)
By purchasing this item, you are transacting with Google Payments and agreeing to the Google Payments Terms of Service and Privacy Notice.