Altamira Press Effective Foundation Management: 14 Challenges of Philanthropic Leadership - and How to Outfox Them

There is no science to the management of charitable foundations, and even the art of managing them is poorly understood. The foundation field is relatively young, university centers for the study of philanthropy arrived only recently, and foundation leaders typically had little experience in the foundation field before taking their posts. Consequently, both seasoned and aspiring CEOs fall into traps that make them less effective leaders. These traps arise from the highly idiosyncratic nature of the foundation field, and thus are not fully understood by leaders whose training and experience generally lie elsewhere. But there are predictable challenges and recognizable dilemmas, and a hard-won knowledge base does exist. In Effective Foundation Management, seasoned philanthropy professional and educator Joel J. Orosz introduces the new foundation board member CEO, vice president, program officer, and other foundation staff members to seven vexing challenges and seven inescapable tradeoffs, along with strategies for meeting and resolving them. In simple and engaging terms, Orosz describes the steps foundation leaders need to take to maximize positive social impact and avoid poor outcomes-in other words, to become fully effective in their consequential roles. Review For anyone who cares about foundation performance improvement, Joel Orosz's new book is a must-read. With wit and precision, Orosz identifies some of philanthropy's most constraining challenges. Without prescribing solutions, the book outlines practical considerations for foundation leaders as they confront these challenges head on and develop solutions that are right for them--Kathleen Enright, Executive Director, Grantmakers for Effective Organizations An easy read... Succeeds in adding to our understanding of the internal conundrums of American philanthropic grant makers....Of interest to those of us who endeavor to understand the foundation world as something less than perfect....insightful.--Nonprofit and Voluntary Sector Quarterly, Voluntary Sector Quarterly Joel Orosz has done a great service to the foundation world. His new book is a very reader-friendly, frank, even folksy and wise account by a near-lifetime philanthropoid of the folklore, foibles, achievements, and paradoxes of foundation management. It is a gold mine rich with many nuggets of the author's own experiences as well as sage observations by other experts in philanthropy. All who read it will be enlightened and edified, as well as often amused.--Joel L. Fleishman, Professor of Law and Public Policy, Duke University, and author of The Foundation: A Great American Secret--How Private WealtThis book should be required reading for every foundation executive and trustee, every donor considering the establishment of a foundation, and for the leaders of every organization that claims to be working to improve the effectiveness of philanthropic organizations. Orosz argues convincingly that foundation management should be considered a field of its own--for foundations are unlike any other institutions in our society. Foundation leaders must resist the seductive notion that easy answers lie in the importation of management frameworks from other sectors. Instead, they should engage the distinctive and complex challenges and dilemmas of foundation leadership that Orosz describes, drawing on his wise and practical suggestions for surmounting them.--Phil Buchanan, President, The Center for Effective PhilanthropyA masterpiece on the inner workings of foundations that could have only been written by a master scholar-practitioner.--Hugh C. Burroughs, President, Independent Philanthropy AdvisorsEffective Foundation Management fills a long-standing void in the current literature for and about philanthropy. It is full of "a-ha" moments and perfectly captures what many grantmakers have probably experienced for a long time as lingering tensions and unease within our profession, but could never