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New Frontiers of PhilanthropyA Guide to the New Tools and New Actors that Are Reshaping Global Philanthropy and Social Investing$
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Lester M. Salamon

Print publication date: 2014

Print ISBN-13: 9780199357543

Published to Oxford Scholarship Online: August 2014

DOI: 10.1093/acprof:oso/9780199357543.001.0001

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The Revolution on the Frontiers of Philanthropy

The Revolution on the Frontiers of Philanthropy

An Introduction

(p.3) Chapter 1 The Revolution on the Frontiers of Philanthropy
New Frontiers of Philanthropy

Lester M. Salamon

Oxford University Press

With the resources of both governments and traditional philanthropy barely growing or in decline, yet the problems of poverty, ill-health and environmental degradation ballooning daily, it is increasingly clear that new models for financing and promoting social and environmental objectives have become urgently needed. Fortunately, a significant revolution appears to be underway on the frontiers of philanthropy that is providing at least a partial, though still embryonic, response to this dilemma. The heart of this revolution is a massive explosion in the instruments and institutions being deployed to mobilize private resources, and particularly private investment capital, in support of social and environmental objectives. This chapter provides a broad overview of these new actors and tools, identifies the factors giving rise to them, examines the major barriers impeding their full development, and outlines a set of steps needed to improve their effectiveness and extend their reach.

Keywords:   social-impact investment, social enterprise, leverage, social stock markets, debt, private equity, credit enhancements, securitization, capital aggregators

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