Chapter

The Funder as Founder

James Shulman

in Giving Well

Published in print January 2011 | ISBN: 9780199739073
Published online January 2011 | e-ISBN: 9780199855872 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199739073.003.0012
The Funder as Founder

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Using the case study method, and an analogy with venture capital, this chapter explores the ethical and practical implications of high‐engagement philanthropy, or funder‐founder philanthropy. Among the cases the chapter analyses in detail are the Nasher Sculpture Center and the Local Initiatives Support Corporation. Unlike venture capital, however, any losses associated with high‐engagement philanthropy accrue to people other than the original investors. It is argued that the test for determining the success of any particular foundation is how well it achieves its mission and how well it is integrated into the community over the long term.

Keywords: funder‐founder; high‐engagement philanthropy; philanthropy; venture capital

Chapter.  10863 words. 

Subjects: Philosophy

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