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More often than not, it involves maximising the leverage of the donor’s money. The writer is right to address that in this age, the age old practice of signing a cheque to support charity is not enough. With the expansion into new charity areas such as education and scientific research, business fundamentals have been introduced in the world of philanthropy...
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As a BusinessWeek magazine outlined in its article: It's more strategic: Donors are taking the same systematic approach they used to compete in business, laying out detailed plans that get at the heart of systemic problems, not just symptoms (BusinessWeek, 2002).
With philanthropic gestures and individual wealth creation on the rise, another issue that the writer addresses is the booming of new firms and institutions such as philanthropic investment banks and management consultants...
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