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9780471380580: From Grantmaker to Leader: Emerging Strategies for Twenty-First Century Foundations

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FROM GRANTMAKER TO LEADER
The past one hundred years has borne witness to an extraordinary revolution in the constitution and activities of philanthropic foundations. The evolution of the governance of foundations-from founder to family to professionals to institutions-has necessarily altered the role that foundations play within a society. As community foundations, for example, strengthen the essential communal fabric and help all organizations gain a financial foothold, they find themselves at times in conflict with commercial gift funds, whose transactional nature between the donor and the organization stimulates philanthropy in a wholly different fashion. From Grantmaker to Leader: Emerging Strategies for 21st Century Foundations takes stock of this shifting landscape, presenting bold leadership strategies for directing philanthropic organizations into the unchartered waters of the future.

Seasoned foundation executives Frank Ellsworth and Joseph Lumarda assemble an all-star roster of insider contributors, dividing their trenchant study into three sections. "From Carnegie to Gates: The Changing Faces and Needs of Philanthropy" examines the history of family and community foundations and how the turmoil of the "New Economy" will affect these organizations in the future. Section Two, "The Foundation's New Reach: The Emerging Role of Leader, Communicator, and Facilitator of Change" addresses the critical responsibility 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 21st Century: Diversity and Strategic Planning" analyzes all aspects of foundation boards of directors, including their makeup, responsibilities, backgrounds, necessary diversity, and the role of boards in foundation planning. Throughout all three sections, From Grantmaker to Leader tackles all the critical issues facing philanthropic foundations today, such as:
* Transfer of wealth
* Legislative concerns
* IRS audits
* The role of foundations in public policy issues, such as campaign spending
* Accountability
* Planned giving
* Assessment of the effectiveness of giving
* Socially responsible investment and social return on investment


Even as the very nature of foundations has changed, a fundamental question remains: will philanthropies play a more pervasive role in society's future or will their influence forever remain elitist and selective? Writing directly for trustees, practitioners, foundation CEOs and CFOs, and every philanthropic professional, Ellsworth and Lumarda make the convincing case that foundations matter more than ever, offering proven strategies for philanthropic success.

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

JOSEPH LUMARDA is the Executive Vice President of External Affairs for the California Community Foundation in Los Angeles.

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Informazioni sull?autore

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

JOE LUMARDA is the Executive Vice President of External Affairs for the California Community Foundation in Los Angeles.

Dalla quarta di copertina

Bold strategies for philanthropic leaders of the future

The individual and family-based philanthropic organizations of the early twentieth century might hardly recognize their present-day corporate and institutional successors. The fundamental nature of foundations has changed on a revolutionary scale, forever altering the role that foundations play in society. From Grantmaker to Leader: Emerging Strategies for 21st Century Foundations appraises these shifting dynamics, putting forth powerful strategies for leading philanthropies into the future.

Leading authorities Frank Ellsworth and Joe Lumarda divide their study into four pertinent subjects:

  • History of family and community-oriented foundations
  • Leadership and communication of a foundation?s message
  • Selection and responsibilities of foundation boards of directors
  • The untapped asset of compiled community knowledge

In each case, they explain how foundations have changed, survey the diverse types of foundations that presently exist, and propose proven blueprints for future philanthropic success. Dozens of interviews and "insider" contributors guarantee an exclusive, comprehensive take on the present state of foundation management.

Seldom has such a broad consideration of foundation activity met with such targeted prescriptions for effective leadership. From Grantmaker to Leader proves an essential text for all philanthropic professionals.

Dal risvolto di copertina interno

From Grantmaker to Leader

The past one hundred years has borne witness to an extraordinary revolution in the constitution and activities of philanthropic foundations. The evolution of the life span and development of foundations?from founder to family to professionals to institutions?has necessarily altered the role that foundations play within a society. With the growth of both financial and intellectual capital beyond the realm of passive grantmaking, foundations hold great promise to model leadership by the way they manage, communicate, and challenge the old ways of doing the business of doing good. From Grantmaker to Leader: Emerging Strategies for 21st Century Foundations takes stock of this shifting landscape, presenting bold leadership strategies for directing philanthropic organizations into the uncharted waters of the future.

Seasoned foundation executives Frank Ellsworth and Joe Lumarda assemble an all-star roster of insider contributors, dividing their trenchant study into four sections. "From Carnegie to Gates: The Changing Faces and Needs of Philanthropy" examines the history of family and community foundations and how the turmoil of the "New Economy" will affect these organizations in the future. Section two, "The Foundation?s New Reach: The Emerging Role of Leader, Communicator, and Facilitator of Change," challenges foundations to reexamine their role by way of venture philanthropy, media relations, and public policy. The third section, "Building the Foundation Board of the 21st Century: Diversity and Strategic Planning," explores the governance of foundations, principally on the issues of introducing the strengths and assets of the whole community into foundation boardrooms and initiating methodical, prudent, and yet provocative long-range planning. The final section, "Building Foundation Wisdom: The Challenge of Accumulating, Synthesizing, and Sharing Knowledge," builds on a growing belief that the unsung and untapped asset of foundations is the vast amount of compiled community knowledge.

Throughout all four sections, From Grantmaker to Leader tackles the critical issues facing philanthropy today, such as:

  • Intergenerational transfer of wealth
  • Family dynamics
  • Legislative concerns
  • Accountability
  • Advocacy
  • Venture philanthropy
  • Conveying a message
  • Psychological and social motivations
  • Collaboration and partnership

Even as the very nature of foundations has changed, a fundamental question remains: will philanthropies become a more pervasive player in society?s future or will they stay on the sidelines, sending in grants like plays onto the field?never engaging its full potential to the challenge? Writing directly for trustees, foundation CEOs, philanthropic professionals, advisors to clients creating foundations and those exploring a career in philanthropy, Ellsworth and Lumarda make the convincing case that foundations matter more than ever, offering proven strategies for philanthropic leadership and success.

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