The Sound of Philanthropy and the Social Economy in 2013

From Bradford K. Smith, president of the Foundation Center, for PhilanTopic:

The vast majority of today's social sector leaders grew up in a world where foundations were the funders and nonprofits were the doers. Blueprint 2013 lays out a vision of a social economy inhabited not only by traditional nonprofits, but also by social businesses, socially responsible corporations, peer networks, and institutional forms not yet invented. Donors in this economy have choices between well-known forms of charitable giving (like creating a foundation), impact investing, and political giving to bring out the change they desire.

Running throughout the social economy is the lifeblood of data. In 2012 alone:

  • GuideStar and the Nonprofit Finance Fund released an online tool for comparing the financial health of nonprofits;
  • 15 of the largest U.S. foundations teamed with the Foundation Center to launch the “Reporting Commitment,” making their grants data available in open, machine readable form; and
  • the China Foundation Center started rating more than 2,000 Chinese “foundations” with an elaborate Transparency Index.

Read the full article.