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The Insider's Guide to Grantmaking: How Foundations Find, Fund, and Manage Effective Programs by Joel J. Orosz

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The Future of Philanthropy

Society has traditionally been divided into sectors, the main three being the private (business), the public (government), and the nonprofit (charitable) sectors. The mission of the private sector is to create wealth and jobs; the mission of the public sector is to create law and order; the mission of the nonprofit sector is to relieve suffering and enhance the quality of life. There is much overlap in these missions, of course; for example, corporate foundations and government agencies frequently provide funds to nonprofit organizations. Most of the overlaps, however, have been strictly monetary in nature. Overlaps involving exchanges of intellectual capital have been much rarer.

During the 1980s, however, that long-standing ...

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