This volume presents the first comprehensive and authoritative account of the new actors and tools revolutionizing global philanthropy and social investment at the present time. At a time of declining government resources and limited charitable capability, this development represents one of the most hopeful signs for gaining meaningful traction on the globe's escalating problems of poverty.

TABLE OF CONTENTS ; List of Illustrations ; Acknowledgements ; Foreword ; William Dietel ; Preface ; Mario Morino ; Directory of Participants ; PART 1: INTRODUCTION ; 1. The Revolution on the Frontiers of Philanthropy: An Introduction ; Lester M. Salamon ; PART 2: NEW ACTORS ; 2. Capital Aggregators ; Lisa Richter ; 3. Secondary Markets ; David J. Erickson ; 4. Social and Environmental Exchanges ; Durreen Shahnaz, Robert Kraybill, and Lester M. Salamon ; 5. Foundations as

Lester Salamon's insightful identification and scholarly analysis of a hitherto invisible revolution underway on the frontiers of philanthropy and social investing is possibly the most exciting and fresh lens we have had to date with which to look at an important set of new developments in the social-purpose arena that up to this point have largely been neglected. Salamon's work should help usher in a new era of social-purpose finance, the end result of which may be new alliances among foundations, governments, and the managers of private investment capital to leverage substantial new resources into efforts to solve problems of poverty, ill-health, and environmental degradation the world over. New Frontiers of Philanthropy is truly cutting edge research that should be read and disseminated widely.

"Lester Salamon's insightful identification and scholarly analysis of a hitherto invisible revolution underway on the frontiers of philanthropy and social investing is possibly the most exciting and fresh lens we have had to date with which to look at an important set of new developments in the social-purpose arena that up to this point have largely been neglected. Salamon's work should help usher in a new era of social-purpose finance, the end result of which may be new alliances among foundations, governments, and the managers of private investment capital to leverage substantial new resources into efforts to solve problems of poverty, ill-health, and environmental degradation the world over. New Frontiers of Philanthropy is truly cutting edge research that should be read and disseminated widely." --Gerry Salole, Chief Executive, European Foundation Centre "The past 25 years have seen dramatic changes in the field, and practice, of charitable giving. The next 25 years promise even further change-and at a more rapid pace. New Frontiers of Philanthropy is the book that will best help practitioners and observers in the public, private, and nonprofit sectors understand, in detail, how the current dramatic changes in the financing of social-purpose activities will fully play out." --Doug Bauer, Executive Director, The Clark Foundation, and former Senior Vice President, Rockefeller Philanthropy Advisers "Philanthropy today is changing radically. A new breed of donors is emerging that wants to leverage its resources to change the status quo. They think of themselves as social investors and operate like entrepreneurs, tapping new financial resources and assembling complex financing packages. With New Frontiers of Philanthropy, Lester Salamon has given us the resource we need to understand this changing face of philanthropy and social investment. It is a superbly articulated effort drawing on Salamon's experience as a researcher and visionary and giving all of us who want to bring real progress to individuals and communities a clear path to the new world of social purpose finance that lies before us." --Marcos Kisil, President, Instituto para o Desenvolvimento do Investimento Social, Brazil "This book provides a clear and accessible roadmap to the full range of new developments in impact investing and philanthropy. The broadest community of investors and foundations as well as a new generation of social entrepreneurs, nonprofit executives, and government officials will benefit from the depth and breadth of this work, enabling them to develop the know-how to better navigate the new and emerging opportunities for meaningful impact." --Charly Kleissner, Ph.D., Co-Founder KL Felicitas Foundation, Toniic, 100% IMPACT Network "New Frontiers of Philanthropy represents a massive project and is an impressive and important accomplishment. The edited volume is an essential reference for 21stcentury scholars and students of philanthropy, impact investing, and social enterprise." ~Religion and Human Rights

Selling point: Provides the most comprehensive and balanced account of a development that is fundamentally changing the way social and environmental purposes are beginning to be pursued around the world-namely through complex combinations of charitable, governmental, and private investment resources Selling point: Introduces the concept of the 'new frontiers of philanthropy,' a new conceptual lens that can organize and bring into focus a quite dramatic and promising set of changes under way in the broad arena of mobilizing private resources for social and environmental purposes Selling point: Lays a powerful foundation for students newly entering this field as well as long-time practitioners who are familiar with one or another tool of type or organization but have a limited understanding of the entire eco-system that is emerging

LESTER M. SALAMON served as deputy associate director of the US Office of Management and Budget and is now Professor at the Johns Hopkins University and Director of the Johns Hopkins Center for Civil Society Studies.

Selling point: Provides the most comprehensive and balanced account of a development that is fundamentally changing the way social and environmental purposes are beginning to be pursued around the world-namely through complex combinations of charitable, governmental, and private investment resources Selling point: Introduces the concept of the 'new frontiers of philanthropy,' a new conceptual lens that can organize and bring into focus a quite dramatic and promising set of changes under way in the broad arena of mobilizing private resources for social and environmental purposes Selling point: Lays a powerful foundation for students newly entering this field as well as long-time practitioners who are familiar with one or another tool of type or organization but have a limited understanding of the entire eco-system that is emerging