By Diana Leat
This ebook discusses a sequence of similar yet self sustaining demanding situations confronted through philanthropic foundations, drawing on overseas, modern and ancient information. in the course of the global, inner most philanthropic foundations spend large sums of cash for public solid whereas the media, policy-makers and the general public have little knowing of what they do and why. Diana Leat considers the subsequent questions: Are philanthropic foundations greater than warehouses of wealth? the place does beginning cash come from, and is there a pressure among a foundation’s ongoing resources of source of revenue and its pursuit of public solid? How are foundations regulated and held responsible in society? Is there any facts that foundations are powerful in what they do? Is it attainable to have an excessive amount of philanthropy? In posing those questions, the ebook explores the various key tensions in how foundations paintings, and their position in democratic societies.
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Extra resources for Philanthropic Foundations, Public Good and Public Policy
Its mission is to advance youth learning and promote financial inclusion to catalyse prosperity in developing countries. Although it works in a variety of countries there is a special emphasis on Africa. Some of its recent and current projects include: a financial education programme for disadvantaged youth in developing countries; financial services for smallholder farmers using agribusiness as a method of financing in Tanzania, Kenya, and Ghana; scholarships in various countries to enable disadvantaged young people to complete their education.
1057/978-1-137-48289-1_4 35 36 D. LEAT approach to responsibility for social provision, others (such as France and Japan) adopt a collectivist approach. Other cultural differences between countries influencing philanthropy and foundation formation include attitudes to inequality and to displays of wealth (one contrast here might be between the USA and Japan), as well as relative responsibilities to family versus strangers. For example, Africa generally has a more family/local approach to giving, while many northern countries also encourage giving to strangers.
Through the late 1960s and 1970s $18 million was given to civil rights litigation groups. Among many notable grants, in 1969 the foundation gave $1 million to the Children’s Television Workshop to create and launch Sesame Street. In 1976 the Ford Foundation helped launch Grameen Bank and the take off of microfinance. The foundation describes its mission as supporting visionary leaders and organisations on the front-lines of social change, strengthening democratic values, reducing poverty and injustice, promoting international cooperation, and advancing human achievement.