Philanthropic Foundations, Public Good and Public Policy
This book discusses a series of related but independent challenges faced by philanthropic foundations, drawing on international, contemporary and historical data. Throughout the world, private philanthropic foundations spend huge sums of money for p
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Philanthropic Foundations, Public Good and Public Policy
Diana Leat
Philanthropic Foundations, Public Good and Public Policy
Diana Leat Cass Business School London, United Kingdom
ISBN 978-1-137-48288-4 ISBN 978-1-137-48289-1 DOI 10.1057/978-1-137-48289-1
(eBook)
Library of Congress Control Number: 2016940307 © The Editor(s) (if applicable) and The Author(s) 2016 The author(s) has/have asserted their right(s) to be identified as the author(s) of this work in accordance with the Copyright, Designs and Patents Act 1988. This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, , trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Cover illustration © Westend61 GmbH / Alamy Stock Photo Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Macmillan Publishers Ltd. London
ACKNOWLEDGEMENTS
The idea for this book came from a postgraduate course in philanthropy I taught for several years at the Australian Centre for Philanthropy and Nonprofit Studies, Queensland University of Technology, Brisbane. I am enormously grateful to Myles McGregor-Lowndes, colleagues at the Centre, and the students with whom I worked—each and every one contributed to the arguments developed here. I am also grateful to colleagues at the Centre for Charitable Giving and Philanthropy at Cass Business School, London, and to David Norris for intellectual input and encouragement. Thanks to Lucas and Sienna Dignan for smiles and diversion.
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CONTENTS
1
1
Focus on Foundations
2
Definitions and Distinctions
13
3
How Foundations Work: An Overview
25
4
From Charity to Change, Brussels to Beijing
35
5
Public Benefit or Playthings of the Rich?
53
6
Sources of Wealth and Income
69
7
Warehouses of Wealth: Payout and Perpetuity
85
8
Cash Machines or More?
97
9
Missing Measurement, Misunderstanding Measurement?
107
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viii
CONTENTS
10
Foundations and Democracy: Threat or Promise?
121
11
Dark Corridors or Glass Pockets?
135
12
The Future Is Monst
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