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The Business of Giving: The Theory and Practice of Philanthropy, Grantmaking and Social Investment (Cass Business Press) [Kindle Edition]

Dr Peter Grant
4.5 out of 5 stars  See all reviews (2 customer reviews)

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Book Description

Philanthropy today is big business; a worldwide phenomenon that seeks to bring about effective social change through the investment of philanthropic assets. While there are many books that suggest philanthropy can change the world, few provide a hands-on guide to the actual process of funding – how to select a method for supporting social projects and what business methods to adopt in doing so. How do you really ensure that your assets will achieve maximum impact and efficiency?

The Business of Giving tells you how. It explains, in practical terms, the systems and processes philanthropists need to adopt in order to achieve their goals. It provides a 'toolkit' for philanthropic investment, taking you through each stage of your decision making. The techniques given are equally applicable whatever investment vehicle is being utilized; from traditional grants to new products such as social bonds and impact investing.

As well as proposing an innovative model for implementing philanthropic giving as an integrated system, the author also provides a comprehensive review of the state of philanthropy today; outlining current thinking on its effectiveness and presenting a critique of different philanthropic styles.

In contrast to other books on the subject, the tools and processes described here have been successfully tried and tested in real life across hundreds of different programmes and in making thousands of investment decisions. They have been utilized by the author during 20 years of investing more than £5 billion in social causes.

The Business of Giving will prove a valuable guide for all those engaged in or with an interest in philanthropy or civil society in general.

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'Peter's analysis of the funding environment is one of the most comprehensive, and thoughtful, I have ever seen. He brings the expertise of the practitioner together with the thoughtfulness of an academic, to a subject that is too often unexamined. In doing so he provides us all with insights and understanding about the delicate, and vitally important, ecology of our funding environment.' - Julia Unwin CBE, Chief Executive, Joseph Rowntree Foundation

'With erudition, good humour and elegant prose Peter Grant has produced an indispensable handbook on effective philanthropy and social investment. His clarion call is that how we fund is at least as important as what we fund. This comprehensive volume provides a unique history and professional guide to the subject. It also serves as a practical step-by-step manual for all who seek to ensure that the process of giving becomes an informed, rigorous and impactful activity.' - Sam Daws, Senior Advisor, United Nations Foundation.

'Peter Grant has given us a wonderful gift: a thought-provoking, comprehensive and readable guide on philanthropy and social investment which distils some of the best practices of this field, and which deserves to become an instant classic. I wish I had had The Business of Giving to hand when I started out as a grant-maker.' - Clare Brooks, Director of Philanthropy at Community Foundation Network

Book Description

A comprehensive review of the current state of philanthropy together with an innovatory model for implementing philanthropic giving as an integrated system

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More About the Author

Peter Grant is acknowledged as one of the UK's leading practitioners in public and charitable funding. After working in the arts he was Director of an inner-city youth charity for eight years. On the commencement of the National Lottery he moved to Sport England where he devised the first Lottery programme to favour areas of deprivation and was one of the architects of Awards for All. As Director of Operations at the New Opportunities Fund between 1999 and 2005 he developed and delivered over £4.5 billion of funding programmes.
Peter then devised the world's first full masters-level programme in grantmaking and philanthropy at Cass Business School where he is academic leader of the Philanthropy, Grantmaking and Social Investment and Governance programmes. He has published widely on these topics and presented to conferences in the UK, Europe and the USA on grantmaking and the history of philanthropy. His definitive book 'The Business of Giving: The theory and practice of philanthropy, grantmaking and social investment' will be published by Palgrave in 2011. He is a trustee of the DHL Foundation, Chair of the Voluntary Action History Society and President of Kennington Cricket Club.
Peter's research and consultancy clients include government departments, NDPBs, major local authorities and charitable foundations. Past consultancy work has included developing proposals for the involvement of charities and public bodies in the London 2012 Olympics; re-structuring the operation of parole processes in England and Wales and developing proposals for alleviating problem gambling in the UK. Current clients include Nationwide Building Society, UBS Wealth Management Zurich, BP and The Prince's Charities.

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4.0 out of 5 stars Excellent practical advice 12 Feb. 2014
Format:Hardcover|Verified Purchase
I read this book as an outsider to the third sector in order to gain an insight into the mechanics of how foundations work. I found the book incredibly helpful in this respect and full of excellent practical advice.

The slightly academic style of writing does not detract from the varied and social aspects fundamental to the work of foundations. The balance is kept between the need for process to give structured governance and the social philanthropic goals, missions and values of many foundations. The author carefully and astutely picks a path through this challenging dichotomy.

As a personal reflection on the differing ways in which private/public sector organisations work, this book demonstrates that the tools borrowed and adapted from commercial institutions, and some of the processes shown to be used by foundations, should be more readily shared between sectors as there are a great many learning opportunities to be had. I would therefore hope this book is read in a wider context.
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By Juliet
This book is an incredibly valuable demonstration of how academic theory can be translated into practitioner language. The philanthropy sector is such a niche market in the UK but it has not yet found the space (which it much deserves) to have as great an impact as it could. If enough people took the time to read this book and understood that it really is possible for philanthropy (or however you want to define it) to make a positive impact on society/the environment (or whatever cause you choose) and is not just a myth - the UK would be a happier place to live in. And just think what good could be done if it was adapted to suit different cultures around the world.
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