The Impossibility of Philanthropic Funding Decisions: The Australian Non‐Government Funder Experience

22 Pages Posted: 5 Oct 2013

See all articles by Rodney Coyte

Rodney Coyte

University of Sydney Business School

Jim Rooney

The University of Sydney; UNSW Canberra

Benjamin Phua

DBS Bank, Ltd.

Date Written: November 2013

Abstract

Non‐government funders (NGFs) are major contributors to the third sector. Literature on this private philanthropic world is limited and access to stakeholders and practices within these institutions is a barrier to empirical research. With public oversight limited to nominal federal tax law disclosure, issues of accountability are under‐researched. We examine how NGFs ‘account’ for their grant making decisions in an Australian context. Focused on how NGFs assess likely success, it finds that assurance is constructed as part of the decision‐making process through a more socialising form of accountability, based on personal interaction, in contrast to a reliance on hierarchical accountability and transparency.

Keywords: third sector, non‐government funders, accountability, Australia

Suggested Citation

Coyte, Rodney W and Rooney, Jim and Rooney, Jim and Phua, Benjamin, The Impossibility of Philanthropic Funding Decisions: The Australian Non‐Government Funder Experience (November 2013). Financial Accountability & Management, Vol. 29, Issue 4, pp. 397-418, 2013, Available at SSRN: https://ssrn.com/abstract=2336328 or http://dx.doi.org/10.1111/faam.12020

Rodney W Coyte (Contact Author)

University of Sydney Business School ( email )

University of Sydney Business School CBD Campus
Level 17, 133 Castlereagh Street
Sydney, NSW 2000
Australia
+61 2 9351 8615 (Phone)
+61 2 9351 6638 (Fax)

HOME PAGE: http://sydney.edu.au

Jim Rooney

The University of Sydney ( email )

University of Sydney
Sydney, NSW 2006
Australia

UNSW Canberra

School of Business
Northcott Drive
CANBERRA, NSW 2610
Australia

Benjamin Phua

DBS Bank, Ltd.

DBS Building Tower One
6 Shenton Way
Singapore 068809
Hong Kong

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