The Future of PhilanthropyThe Future of Philanthropy
New report stresses that those donors, private foundations and community foundations engaging in philanthropy must “act bigger” and “adapt better” in the future
David Thayne Leibell, partner in the Stamford, Conn and New York City offices of Wiggin and Dana LLP
Philanthropic practices must change radically to have a meaningful impact on today's "wicked problems," such as climate change, education reform, poverty, food security and much more. That's the message from “What’s Next for Philanthropy,” a new report published in July 2010 by Monitor Institute, a member of the Monitor Group, a global consulting firm founded in 1983 by Harvard Business School business strategy guru, Michael Porter.
The report starts with the premise that the status quo isn’t an option. Philanthropy today takes place in a context that’s radically different from the environment in which many of its current practices and beh...
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