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 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...

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 public good or private good social entrepreneurs. Public good type social...

Excerpted from "Strategic Legacy Creation" (which was first circulated in the industry in summer of 2003 and later published at the University of St. Gallen in 2004, here abridged for publication in Viewpoints 2004), this paper outlines a strategy for private banks to counter the deterioration...