By Susan U. Raymond Ph.D.
This ebook speaks to the perform of philantrophy of tommorow, and the problems that would form the philantrophic and nonprofit surroundings simply over the horizon. Written as a sequence of brief essays—the busy supervisor or board memeber can take on with constrained time. The essays should not in simple terms statements of latest stipulations or ruminations at the values of provider particularly they increase unsettling questions about the very assumptions upon which nonprofits are equipped and from which philanthropic funds movement. The publication is meant to impress considerate debate in addition to remove darkness from elusive target information.
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Additional resources for The Future of Philanthropy: Economics, Ethics, and Management
The influx of trillions of philanthropic dollars into systems that operate with scarce resources in market conditions suggests that the question is not academic. If a significant presence of philanthropy in an economic sector impedes the continued achievement of efficiency and productivity in that sector, then the overall economic commons may, in fact, suffer rather than benefit. A. Clark and M. Brusa. “The Million-Dollar Question,” The Hastings Center Report, September/October 2000, pp. 24–26.
Far from that between a donor who gives and a recipient who receives, this relationship is more akin to a partnership, in which all parties have a mutual interest in success. The relationship is built on equality, not on dependency. Second, the partnership is not merely about money; the investor also proffers human assets—professional time and skills—and, often, scarce goods (technology) to ensure that the investee is building the organizational capacity to pursue the investment over the long term.
This is particularly true because, irrespective of cash compensation, the siren song of stock options has (until the NASDAQ’s implosion) been clear and sweet. The National Bureau of Economic Research (NBER) found that, over time, workers who move from the for-profit to the nonprofit sector only experience a wage penalty of between 2 and 4 percent. Indeed, looking at the New York area, comparison of overall compensation levels for such positions as public relations, sales management, and clerical positions indicates little difference between nonprofit pay levels and the region’s average.
The Future of Philanthropy: Economics, Ethics, and Management by Susan U. Raymond Ph.D.