Wiley From Grantmaker to Leader: Emerging Strategies for Twenty-First Century Foundations: 136 (Wiley Nonprofit Law, Finance and Management Series)

From the Inside Flap 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 wealthFamily dynamicsLegislative concernsAccountabilityAdvocacyVenture philanthropyConveying a messagePsychological and social motivationsCollaboration and partnershipEven 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. Product Description 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