The PtP Beat Goes On: “How to Apply PtP to State-Owned Enterprises” by William L. Megginson and Lester M. Salamon

FOR IMMEDIATE RELEASE Contact: Chelsea Newhouse Governments around the world have recently been involved in a significant new wave of privatizations-sales of state-owned enterprises to private companies. The 48-month period between January 2013 and December 2016 saw governments raise more money through privatization sales than during any comparable previous period. Yet three times worth of government enterprises than the $3.5 trillion sold since 1977 still remain in government hands, many of them awaiting sale. What happens to the vast resources secured through such sales? Too often, it is difficult to determine. Stories of widespread corruption are rampant. Even when...

The PtP Beat Goes On: “How to Apply PtP to Stolen or Stranded Assets” by Aaron Bornstein and Lester M. Salamon

FOR IMMEDIATE RELEASE Contact: Chelsea Newhouse According to a recent UN report, close to US$4 trillion is stolen from governments or generated by bribes or other forms of corruption each year in countries around the world—an annual sum well above the total budgets of numerous developing and transition country governments. Despite often heroic efforts, however, the record of successful discovery, confiscation, and effective return for social re-use of these vast assets has been frustratingly meager. This limited success in returning such assets for effective social re-use is largely due to the complexity of the process. Also at work, however,...

The PtP Take-Off Phase Conference: New insights into applications of the PtP concept to different asset classes

The PtP Project is pleased to bring you a new report from Project Director Dr. Lester Salamon highlighting new insights unveiled at a recent PtP Conference into how the PtP concept can be applied to a wide assortment of assets, including state-owned enterprises or facilities, debt swaps, proceeds from state-controlled gambling or mineral extraction enterprises, bribes, and the transformation of nonprofits or mutual societies into for-profit businesses.   This Conference, entitled “Philanthropication thru Privatization: The Take-Off Phase,” took place on November 3-4, 2016, at the Volkswagen Foundation’s Herrenhausen Palace Conference Center in Hanover, Germany, and assembled a diverse group...

NEWS RELEASE | The BOTA Foundation: A Model for the Safe Return of Stolen Assets?

FOR IMMEDIATE RELEASE Contact: Chelsea Newhouse     We are pleased to announce the publication of The BOTA Foundation: A Model for the Safe Return of Stolen Assets?, the first in a series of reports from the Philanthropication thru Privatization Project (PtP) examining important examples of significant charitable endowments that have resulted from the sale or other transformation of government-owned or -controlled assets.   Prepared by international development specialist Aaron Bornstein and edited with an Introduction by PtP Project Director and Johns Hopkins University Professor Dr. Lester M. Salamon, this report analyzes the major example to date of the...

Now Available: Portuguese translation of “Philanthropication thru Privatization” from IDIS

We are very happy to announce the publication of a Portuguese translation of Philanthropication thru Privatization: Building Permanent Endowments for the Common Good, Filantropização via Privatização: Garantindo Receitas Permanentes para o Bem Comum.   This translation was undertaken and published by Brazil’s IDIS–Instituto para o Desenvolvimento do Investimento Social with the guidance of Marcos Kisil, IDIS founder and a consultant for the PtP Project. In addition to the full text of the English version of the report, this new translation includes a forward by Mr. Kisil that sheds light on the history of privatization transactions in Brazil and the...

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...

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...