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Private Foundations for 21st Century Philanthropists: Outsourcing for Impact

Resource Summary

The advantages foundations gain when they work with a professional services firm for managing foundation operations.

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Today’s philanthropists want to do more than merely write checks to favored national and local nonprofits. They want to leverage their business acumen, life experience, and contacts on behalf of the causes they care about. For these foundation heads, philanthropy isn’t a hobby, it’s an investment. And in exchange for their commitment, they expect results—sooner rather than later.

In order to achieve their goals, these 21st century donors need the right combination of technology, tools and talent, but they are loath to create unnecessary infrastructure, or waste time getting their advisors up the learning curve. Accustomed to top-tier support in their business and personal lives, they see no reason why their philanthropy should be any different.

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