The resources of both governments and traditional philanthropy are either barely growing or in decline, yet the problems of poverty, ill-health, and environmental degradation balloon daily. It is therefore increasingly clear that we urgently need new models for financing and promoting social and environmental objectives. Fortunately, a significant revolution appears to be underway on the frontiers of philanthropy and social investing, tapping not only philanthropy, but also private investment capital, and providing at least a partial response to this dilemma. This book examines the new actors and new tools that form the heart of this revolution, and shows how they are reshaping the way we go about supporting solutions to social and environmental problems throughout the world.
With contributions from leading experts in the field, New Frontiers of Philanthropy provides a comprehensive analysis of the many new institutions that have surfaced on this new frontier of philanthropy and social investment; the new tools and instruments these institutions are bringing to bear; the challenges that these actors and tools still encounter; and the steps that are needed to maximize their impact. The result is a powerful and accessible guide to developments that are already bringing significant new resources into efforts to solve the world's problems of poverty, ill-health, and environmental degradation; unleashing new energies and new sources of ingenuity for social and environmental problem-solving; and generating new hope in an otherwise dismal scenario of lagging resources and resolve. Investors, philanthropists, social entrepreneurs, nonprofit leaders, business executives, government officials, and students the world over will find much to build on in these pages.
Industry Reviews
"Lester Salamon's insightful identification and scholarly analysis of a hitherto invisible revolution underway on the frontiers of philanthropy and social investing is possibly the most exciting and fresh lens we have had to date with which to look at an important set of new developments in the social-purpose arena that up to this point have largely been neglected. Salamon's work should help usher in a new era of social-purpose finance, the end result of which
may be new alliances among foundations, governments, and the managers of private investment capital to leverage substantial new resources into efforts to solve problems of poverty, ill-health, and
environmental degradation the world over. New Frontiers of Philanthropy is truly cutting edge research that should be read and disseminated widely." --Gerry Salole, Chief Executive, European Foundation Centre
"The past 25 years have seen dramatic changes in the field, and practice, of charitable giving. The next 25 years promise even further change-and at a more rapid pace. New Frontiers of Philanthropy is the book that will best help practitioners and observers in the public, private, and nonprofit sectors understand, in detail, how the current dramatic changes in the financing of social-purpose activities will fully play out." --Doug Bauer, Executive
Director, The Clark Foundation, and former Senior Vice President, Rockefeller Philanthropy Advisers
"Philanthropy today is changing radically. A new breed of donors is emerging that wants to leverage its resources to change the status quo. They think of themselves as social investors and operate like entrepreneurs, tapping new financial resources and assembling complex financing packages. With New Frontiers of Philanthropy, Lester Salamon has given us the resource we need to understand this changing face of philanthropy and social investment. It is
a superbly articulated effort drawing on Salamon's experience as a researcher and visionary and giving all of us who want to bring real progress to individuals and communities a clear path to the new world of
social purpose finance that lies before us." --Marcos Kisil, President, Instituto para o Desenvolvimento do Investimento Social, Brazil
"This book provides a clear and accessible roadmap to the full range of new developments in impact investing and philanthropy. The broadest community of investors and foundations as well as a new generation of social entrepreneurs, nonprofit executives, and government officials will benefit from the depth and breadth of this work, enabling them to develop the know-how to better navigate the new and emerging opportunities for meaningful impact." --Charly
Kleissner, Ph.D., Co-Founder KL Felicitas Foundation, Toniic, 100% IMPACT Network
"New Frontiers of Philanthropy represents a massive project and is an impressive
and important accomplishment. The edited volume is an essential reference for 21stcentury
scholars and students of philanthropy, impact investing, and social enterprise." ~Religion and Human Rights
