Mapping the New World of American Philanthropy
Causes and Consequences of the Transfer of Wealth
"This book does a wonderful job of guiding the reader through the increasingly changing world of philanthropy. These changes must drive dramatic change in the not–for–profit sector if it is to respond efficiently and effectively. Only then will we be able to maintain the quality of our society."
Thomas J. Moran, Chairman, President, and CEO of Mutual of America
"The Great Wealth Transfer has been a mantra for years for fundraisers and donors alike. What does it really mean? Susan Raymond and Mary Beth Martin bring rigorous analysis and profound insights to the phenomenon in this book, which provides the definitive map for navigating a brave new world of philanthropy."
Fiona K. Hodgson, Vice President for Leadership Giving, Save the Children
The anticipated transfer of wealth between generations and its practical implications for philanthropy is the subject of much interest in the nonprofit community. Edited by noted nonprofit experts Susan Raymond and Mary Beth Martin, Mapping the New World of American Philanthropy offers candid, insightful essays that offer an insider′s look at every angle of wealth transfer, with contributions by leaders in the field of philanthropy, including:
Marc H. Morial
Preston H. Koster
Nora Campbell Wood
Rodney W. Nichols
With hard–to–find data, graphs, and charts, as well as other practical tools, Mapping the New World of American Philanthropy is your seminal guide to prepare for the coming intergenerational transfer of wealth that will affect your nonprofit and?philanthropy in general. Get practical insights and strategies from the most experienced wealth transfer leaders and practitioners in America.
About the Authors.
About the Contributors.
Preface: The Defining Legacy of Our Generation.
Introduction: Being All That We Can Be.
Section One The Causes: Social and Economic Pressures.
Forming the New World.
Demographic Trends: America the Old.
Ethnic Philanthropy in the Face of Major Demographic Change in the Twenty–First Century.
Women and the Wealth Transfer.
Philanthropy with Less Than Nine Zeros: The Philanthropic Participation of the Middle Class and the Next Generations.
The Next Generation Takes the Controls: Philanthropic, Structural and Investment Considerations for Establishing Foundations for the Wealthy Individual.
The Evolution of the Tactical Philanthropist.
It Really Is a Small World after All: Globalization and Philanthropy.
Section Two The Effects: The New World Meets the Old Ways.
Listening to the Critics: Who Is Actually Transferring What?
Family Foundation Formation.
The Rise of Donor Advised Funds.
New Philanthropy Has Arrived Now What?
Work for a Giving: Anticipating the Future of Corporate Employee Involvement Programs.
Planned Giving: Risks and Rewards in a Competitive Marketplace.
The Inf luence of Women Philanthropists.
The Nonprof it as a Business Enterprise: Adapting to the Expanding Philanthropic Market.
Philanthropic Solutions: Better Capacity for More Complex Times.
Technology Ascendant: Connecting the Philanthropist with Philanthropy.
Section Three The Impacts: Shifts, Adjustments, and Realignments.
Expansion of the Nonprof it Sector: Bigger, for Sure.
But Is That Better?
Flexing Economic Muscles: The Nonprof it Sector and Economic Growth.
Committees of Discernment: A Strategy for a Shared Vision for Philanthropy.
Markets for International Development.
Analysis of Philanthropy for Science and Technology Part I: Pasteur s Quadrant.
Analysis of Philanthropy for Science and Technology Part II: Opportunities in Funding Science and Technology.
When Philanthropy Isn t Just About Philanthropy: Cause–Related Marketing and Cause–Branding.
Going to Scale: Realizing the Potential of the New Philanthropy.
Private Philanthropy and Government: Friends or Foes?
The Political Dimensions of Change: Philanthropy as Power in the Corridors of Foreign Policy.
Section Four The Reactions: New Rules for a New World.
The Tax Man Cometh: Should Nonprof its Pay?
We the People: Public Trust and Expectations.
American Philanthropy and the Drive for Results: A Plea from the World of Ideas.
When Charities Behave Badly: State Attorneys General on the Case.
Money Moves on the Nonprof it Dance Floor: The Consequences of a Faster Tempo.
Mary Beth Martin, Esq., is a Senior Managing Director at Changing Our World, Inc. and its philanthropy division, Archimede Philanthropy Partners, overseeing the firm′s Boston office. With nearly twenty years′ experience in the fundraising field, she has done extensive work in higher education, focusing primarily on planned giving, major gifts, and capital campaigns. Since joining Changing Our World, she has provided planned giving advice to numerous clients, in addition to providing fundraising strategy and capital campaign oversight. She has addressed both national and regional organizations as well as numerous nonprofit boards and development professionals on the topic of planned giving.