{"id":4449,"date":"2019-02-22T04:31:00","date_gmt":"2019-02-22T04:31:00","guid":{"rendered":"https:\/\/oafdn.ca\/?p=4449"},"modified":"2022-02-12T04:32:11","modified_gmt":"2022-02-12T04:32:11","slug":"putting-wealth-to-work-a-good-read","status":"publish","type":"post","link":"https:\/\/oafdn.ca\/fr\/putting-wealth-to-work-a-good-read\/","title":{"rendered":"Putting Wealth to Work – A good read"},"content":{"rendered":"
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\"Painting<\/p>

Putting Wealth to Work: Philanthropy for Today or Investing for Tomorrow?<\/em>
by Joel L. Fleischman. PublicAffairs. New York, New York, 2017
ISBN: 9781610395335<\/span><\/p>

\u00a0<\/p>

\u00a0<\/p>

The Philanthropist<\/a>, a good Canadian journal on philanthropy, recently issued a\u00a0book review<\/a>\u00a0on a book that is worth reading \u2013\u00a0Putting Wealth to Work: Philanthropy for Today or Investing for Tomorrow?<\/em>\u00a0by Joel Fleischmann.<\/span><\/p>

The book provides a good perspective on the merits (and weaknesses) of perpetual endowment foundations and short term or \u2018time limited \/ spend down\u2019 foundations. It shares a balanced perspective on both approaches.

<\/span><\/p>

Perpetual Foundations<\/strong><\/span>
The author suggests that a benefit of perpetual foundations is that very large social issues and challenges cannot be effectively addressed within a single lifetime. Learning and applying philanthropy can grow and improve over generations.

<\/span><\/p>

Giving While Living<\/strong><\/span>
The contrast is with a younger generation perspective of \u2018giving while living\u2019 \u2013 seeking to accomplish goals within a short time frame. This is in part reflects significant growth of personal wealth and change in profile to \u2018younger\u2019 philanthropists, often emerging from the technology sector.<\/span><\/p>

The book covers effectively key trends in philanthropy \u2013 from a US perspective, but the themes are applicable to Canada. It includes an interesting discussion on the role of foundations in taking positions and seeking to influence public policy decisions, something we are seeing here in Canada. Mr. Fleischmann describes well the desires and considerations of donors who wish to \u2018give while living\u2019 \u2013 foundations having a fixed life, along with the importance over time of longer perspective.<\/span><\/p>

Fondation des arts de l'Ontario<\/strong><\/span>
The Ontario Arts Foundation falls into the latter category, we aim to grow endowment assets to provide a long term, stable and increasing source of income for arts organizations. Over time, we continue to learn about endowment and the drivers\/motivations of donors.<\/span><\/p>

We recommend both the publication The Philanthropist and the book.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

Putting Wealth to Work: Philanthropy for Today or Investing for Tomorrow?by Joel L. Fleischman. PublicAffairs. New York, New York, 2017ISBN: 9781610395335 \u00a0 \u00a0 The Philanthropist, a good Canadian journal on philanthropy, recently issued a\u00a0book review\u00a0on a book that is worth reading \u2013\u00a0Putting Wealth to Work: Philanthropy for Today or Investing for Tomorrow?\u00a0by Joel Fleischmann. The […]<\/p>\n","protected":false},"author":1,"featured_media":4450,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"give_campaign_id":0,"nf_dc_page":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[16],"tags":[],"class_list":["post-4449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"\nPutting Wealth to Work - A good read - Ontario Arts Foundation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/oafdn.ca\/fr\/putting-wealth-to-work-a-good-read\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Putting Wealth to Work - A good read - Ontario Arts Foundation\" \/>\n<meta property=\"og:description\" content=\"Putting Wealth to Work: Philanthropy for Today or Investing for Tomorrow?by Joel L. 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