The Blue Sweater: Bridging the gap between rich and poor in an interconnected world
Jacqueline Novogratz Barnes & Noble $19.96
By using philanthropy in a more market-driven way, ‘we can find where the inefficiencies lies and where public need lies’ and thus build a more inclusive economy, argues Jacqueline Novogratz, CEO of the US-based Acumen Fund. In The Blue Sweater, she recounts her own experiences of working with people at the sharp end of development and argues that, while traditional charity often fails, philanthropic ‘patient capital’ can help make people self-sufficient and change millions of lives.
Family Foundation Philanthropy 2009
Cass Business School APT pdf
Reports the first research attempting to provide a reliable comparison of the annual spending of charitable family foundations in the UK, Germany, Italy and the US. Focusing on the largest 100 foundations by charitable spending, the study provides figures for Germany and Italy for the first time, comparing these with the UK and the US. It also benchmarks the annual growth in the spending of UK and US family foundations. The charitable expenditure of the largest 100 UK family foundations, for example, was worth £1.2 billion and increased by 10 per cent in real terms in 2006-07. This compared with 33.5 per cent growth in the US, a figure which, the report explains, was skewed by Warren Buffett’s investment in the Gates Foundation: if this is excluded, the US growth rate decreases to 8.4 per cent. In Germany, the largest family foundations were estimated to have a charitable expenditure of €725 million. Less data was available for Italy, but the report estimates that 12 per cent of foundations are family foundations, and that the charitable expenditure of the largest was at least €90 million.