This paper analyzes the interplay of creativity and control issues in philanthropy. Around the world, the nonprofit sector faces both rising ambition levels and rising legitimacy challenges. Over the past few years philanthropy has entered an impressive phase of creativity. New people, new...

This paper develops a decision framework for environmental philanthropy in search of achieving sustainability on a crowded planet. Many of the world's most pressing global challenges are environmental in nature (or have stark environmental implications) and require long-term efforts. Asking what...

This chapter is part of a comprehensive volume on leadership that seeks to define good leadership and explain why we need it, where and how it is taught, and what tools can be used to exercise it in a globalizing world. The chapter builds an earlier working paper on leadership in a globalizing...

This paper analyzes the role of awards in accelerating positive social change. Awards are an expression of the fundamental human desire to share, celebrate and recognize. But what is the real impact an award has upon the recipient and upon the organization that grants it? And is the...

This paper analyzes how to create leverage in philanthropy. A strategic approach to designing programs or selecting grantees is often a necessary condition for leverage, identifying the intervention that creates the greatest positive impact at a given level of social investment. How can one...

This article asks how philanthropists can make a difference over long periods in a changing world. From a structural point of view, philanthropic foundations can be designed to operate in the very long run, in principle in perpetuity. For example, the largest charitable grant-giver to...

Against the background of extremely high transaction costs in the nonprofit sector, this paper analyzes how philanthropic funding can be targeted in appropriate ways to social entrepreneurs, depending on their being quot;public goodquot; or private goodquot; social entrepreneurs. quot;Public...

This paper asks how foundation assets can be invested for greater social impact without sacrificing financial return objectives - for example, by investing in social enterprises. In organizing the socio-economic activity outside the public sector two options are generally available. At one end...

Against the background of extremely high transaction costs in the nonprofit sector, this paper analyzes how philanthropic funding can be targeted in appropriate ways to social entrepreneurs, depending on their being quot;public goodquot; or private goodquot; social entrepreneurs. quot;Public...