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Creating Change Through Family Philanthropy: The Next Generation Paperback – January 26, 2007

3 out of 5 stars 1 customer review

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Editorial Reviews

Review

[A] compelling rationale and step by step guide that will transform how we DO philanthropy for social change -- Susan Ostrander, Professor of Sociology, Tufts University and Author, Money for Change: Social Movement Philanthropy at Haymarket People's Fund

[A]n excellent tool to promote multigenerational dialogue, foster true partnerships, and help families look at their philanthropy in new ways. -- Susan Crites Price, Managing Director, Family Foundation Services, Council on Foundation and Author, The Giving Family: Raising Our Children to Help Others

From the Back Cover

It is estimated that $41 trillion in wealth will be transferred during the next fifty years. Where will the "next generation" of philanthropists direct these growing resources? What strategies will they use? What impact will this have on the future of philanthropy?

Creating Change Through Family Philanthropy is the first book to look directly at how members of the next generation are addressing these questions. Based on the program experience of Resource Generation--a national non-profit that works with young people with wealth who care about social justice--and over forty interviews, this book offers a window into young people's own ideas and concerns.

What's revealed is an engaging case for shifting not only where family funds give, but how they give. This book argues that in order to address urgent social and economic needs, in order to truly incorporate the priorities of younger members, families need to question some of the most fundamental assumptions on which their giving is based. It approaches controversial topics from power dynamics to grants payout in an accessible way, offering next generation readers the tools they need to transform their funds.

While written specifically for young philanthropists, this guide is also an essential reference for all those who work with wealthy families and research the field, including financial managers, philanthropic advisors, and non-profit fundraisers. Many of the 40,000+ family funds and their advisors are seeking strategies to involve young people in giving. Creating Change Through Family Philanthropy provides several resources to begin.

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Product Details

  • Paperback: 192 pages
  • Publisher: Soft Skull Press (January 26, 2007)
  • Language: English
  • ISBN-10: 1933368098
  • ISBN-13: 978-1933368092
  • Product Dimensions: 0.5 x 6 x 9 inches
  • Shipping Weight: 8 ounces (View shipping rates and policies)
  • Average Customer Review: 3.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #1,752,787 in Books (See Top 100 in Books)

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This book was discussed by members of my women's philanthropic group. The "Next Generation" are twenty somethings who are the children or grandchildren of family foundation founders. Family foundations tend to be $1 million plus funds set aside for tax reduction and to make charitable donations. My discussion group did not have any members with foundations and we are primarily in the 40 - 60 age range. We tried to find areas of the book that we could apply to our grant selection process so we gleaned a few ideas.
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