The Future of Philanthropy: Questioning Today’s Orthodoxies, Re-Affirming Yesterday’s Foundations
54 Pages Posted: 10 Sep 2011
Date Written: September 8, 2011
Philanthropy today has reached an impasse, in both theory and practice. This article maps a way beyond that impasse by taking us back to philanthropy’s core function and traditional values. The standard academic model sees philanthropy as subordinate and supplemental to our society’s other public sectors, the market and the state, and uses their metrics to measure its performance. Current law, best reflected in the federal income tax code, closely parallels that perspective. This article proposes to reverse the dominant theoretical perspective and reveal a radically different relationship among society’s three public sectors, the market, the state, and the philanthropic. Following both classical western philosophy and the West’s three Abrahamist faiths, this perspective places philanthropy first and measures everything, including our current economic and political systems, by a neo-classical philanthropic standard: the highest good of all humankind.
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