We define philanthropy as the giving of resources in an engaged and strategic way for maximum impact and in a tax efficient manner. It can include the giving of money, assets, time, talent, voice and one’s social capital. We believe in the power of philanthropy as a great social connector and the source of many great opportunities.
Bold letters on the cover jacket state: 'You don’t have to be a millionaire to be a philanthropist', so this book is aimed at all those who want to give effectively to a cause that is important to them. It has a practical ‘how to’ format, designed to guide the reader through the process of creating a strategic plan for giving. It is also aimed at financial advisors who want to support clients in their philanthropy.
As the author says upfront: “Unlike some books about philanthropy, it will not tell you what field or what type of organisation to fund… What it will do is tell you how best to fund it once you’ve made that choice”
This book provides an overview for understanding the issues involved in managing a private foundation and a practical road map for setting one up. It covers the basics of estate planning and charitable giving, investment management for private foundations and ‘the philanthropic learning curve’, as well as a discussion on women and the next generation.
The premise of this book is that not all charities are equal – that some make better use of donations than others - and that it is possible (indeed, essential) to learn how to work out which ones to support. The author conveys basic principles for good giving, alongside huge amounts of common sense insights into the nature of charities and how donors can best support them to improve the world. For donors – big or small – seeking to improve the effectiveness of their giving, this is £16.01 well spent.
