For all its promise, the activity on the new frontiers of philanthropy faces significant headwinds. For one thing, it tends to advantage service programs over advocacy ones, which may divert resources from fundamental social change objectives needed to open opportunities toward less effective ameliorative service activities. In addition, the field has rather optimistic expectations about potential return rates on social-impact investments and about the adequacy of investable opportunities. This chapter examines these and other obstacles and finds that there is reason for concern but not despair.
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