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Thisbook discusses a series of related but independent challenges faced byphilanthropic foundations, drawing on international, contemporary andhistorical data.

Philanthropy and endowed foundation are good and vitally important institutions of modern society. They fit in well with the way advanced market economies are developing, in particular with the nexus between private and public benefit in an era of "small" government and greater social diversity. As institutions, however, they are facing new threats: declining resources relative to needs, and questions about their accountability and performance. In recent years individual philanthropists and foundation leaders have looked to strategic philanthropy as a way of becoming more effective and...