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Philanthropy Should Pave Way For Economic Growth

The 21st Century will be shaped not by war or trade, but by how trillions of dollars in the United States and other countries will be used for philanthropy. That's according to George Mason University's Zoltan Acs, speaking at a recent Hudson Institute forum convened to discuss a paper for which Acs was the lead author. The Entrepreneurship/Philanthropy Nexus: Nonmarket Source of American Entrepreneurial Capitalism (PDF) links entrepreneurship, or the creation of wealth, to philanthropy...
Challenges, Dilemmas of Effective Foundations

Foundations do not do nearly enough to agree on standards of good practice for the field, nor to increase their own performance, according to Joel Orosz of The Grantmaking School at Michigan's Grand Valley State University. Orosz further writes in a new book that the foundation field suffers from an anti-historical bias that leads practitioners to repeatedly stumble over the very same challenges that felled their predecessors, as well as to repeat past successes, recast as "new" or "bold departures from past practice." A former program officer at the W.K. Kellogg Foundation and author of...
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