NEWS RELEASE | A “Win-Win” Solution for Transforming the Philanthropic Landscape of the World

FOR IMMEDIATE RELEASE   With the resources and capabilities of governments and private charity barely growing or in decline around the world, yet the problems of poverty, ill-health, and environmental degradation ballooning daily, it is increasingly clear that new energies, and new resources, are urgently needed to address the world’s pressing social and environmental challenges.   Now a new book, Philanthropication thru Privatization: Building Permanent Endowments for the Common Good by Dr. Lester Salamon of the Johns Hopkins University and the East-West Management Institute, offers a novel solution to this increasingly urgent problem: capture all or a portion of the enormous privatization transactions under way around the world for autonomous charitable endowments serving the social and economic needs of citizens.   Far from an abstract idea, philanthropication thru privatization, or PtP, turns out to be a proven and effective approach for creating or enlarging charitable assets. But it has yet to be recognized as such: until now.   About Philanthropication thru Privatization  In this book, Salamon provides a first conceptualization of the PtP concept and then, working with an international team, documents over 500 foundations around the world that already embody it, including some of the largest and most...

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Philanthropication thru Privatization: A way to build charitable assets?

by Project Director Lester Salamon I had the good fortune to be called out by name recently by celebrated Economist Magazine columnist Matthew Bishop for having put together his “dream conference” combining his “two favorite themes: privatization and philanthrocapitalism.” The occasion for this comment was a conference hosted by the Volkswagen Foundation in Hanover, Germany on 13 September to review the results of an unlikely project I have carried out in cooperation with a superb team of colleagues. The aim is to explore the potential for capturing in charitable endowments at least some of the proceeds of the sales of state-owned enterprises or common-use resources now under way around the world — a phenomenon I have been calling “Philanthropication thru Privatization,” or “PtP” for short.   ABOUT THE CONFERENCE We have so far identified over 500 foundations that have emerged from such privatization transactions around the world, and the Hanover Conference was convened to review the exposure draft of a report on how this came about, what it has achieved, and what the prospects are for using this approach to build charitable endowments in other areas, particularly in the global South. A wide representation of foundation, civil society, government,...

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