Giving in Time
Temporal Considerations in Philanthropy
Published on 15. March 2023
Book
Hardback
288 pages
978-1-5381-3176-3 (ISBN)
Description
Within the philanthropic sector, as never before, time is of the essence. That is, temporal considerations-questions of intergenerational ethics, of the merits of giving now versus giving later, of the benefits and perils of perpetuity-have gained greatly in prominence. Bringing together the most esteemed contemporary scholars of philanthropy, Giving in Time provides the first sustained analysis of the complex issues surrounding the temporal dimensions of voluntary giving. Incorporating the perspectives of political scientists, historians, legal scholars, and philosophers, the contributors tackle critical questions confronting a new generation of philanthropists in a way that will appeal to academics and practitioners. They take on questions such as:
What are the historical and moral foundations for establishing perpetual foundations? What are the leading challenges to philanthropic perpetuity?
What is the significance of the recent trend toward "Giving While Living," the calls to give not through bequests but in one's lifetime?
What are the ethical arguments for giving now rather than giving later?
What is a giver's responsibility to his current moment in time versus his obligation to the future?
How does the legal framework supporting and structuring philanthropic practice shape approaches toward giving in time? How should it?
What are the historical and moral foundations for establishing perpetual foundations? What are the leading challenges to philanthropic perpetuity?
What is the significance of the recent trend toward "Giving While Living," the calls to give not through bequests but in one's lifetime?
What are the ethical arguments for giving now rather than giving later?
What is a giver's responsibility to his current moment in time versus his obligation to the future?
How does the legal framework supporting and structuring philanthropic practice shape approaches toward giving in time? How should it?
Reviews / Votes
In this sparkling new essay collection, Soskis and Madoff have created an essential resource for anyone grappling with this tension. It offers the first comprehensive exploration of the historical, legal and philosophical context for understanding the temporal dimension of giving and the important questions it raises.Many of these questions don't have easy solutions, but this book provides an invaluable guide for practitioners and academics alike when it comes navigating the trade-offs between time-limited and perpetual approaches. -- Rhodri Davies, Founder & Director, Why Philanthropy Matters The study and practice of philanthropy today must address time - of giving, impact, deciding and evaluating. This compelling collection of perspectives from top scholars makes the case as it illuminates the key problems and possibilities to address in the process. -- Amir Pasic, Dean of the IU Lilly Family School of Philanthropy All committed philanthropists seek to maximize impact and influence. In this regard, as Soskis, Madoff, and others point out, timing is everything. This book is a thorough and thoughtful exposition of examples and considerations to guide giving in time to realize those ends. -- Christopher Oechsli, President & CEO of The Atlantic Philanthropies Giving in Time offers an expansive and beneficial compilation of perspectives on a central aspect of philanthropic discourse that is as vital today as it was in the 1800s. By examining the tensions in the underlying values and interests that have come to shape how we view the obligation of foundations to current vs future needs, this book provides a deeper analysis of contentious issues like payouts and DAFs. I can definitely see this book being a key resource for scholars and policymakers for decades to come. -- Shena Ashley, philanthropy scholar and practitioner This new volume will give hours of enjoyment and benefit to anyone looking to expand their understanding of the issue" of giving in time. Or: "the best book I've read so far about an issue that continues to grow in importance among nonprofit law scholars. * Nonprofit Law Prof Blog *
More details
Series
Language
English
Place of publication
United States
Publishing group
Bloomsbury Publishing Plc
Target group
Professional and scholarly
Illustrations
3 b/w illustrations; 5 tables
Dimensions
Height: 235 mm
Width: 157 mm
Thickness: 22 mm
Weight
622 gr
ISBN-13
978-1-5381-3176-3 (9781538131763)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Other editions
Additional editions
E-Book
03/2023
1st Edition
Rowman & Littlefield Publishers
€33.49
Available for download
Persons
Ray Madoff is a Professor at Boston College Law School where she teaches and writes in the areas of philanthropy policy, taxes, property and estate planning. Professor Madoff is the author of: Immortality and the Law: The Rising Power of the American Dead (Yale), which looks at how American law treats the interests of the dead and what this tells us about our values for the living. The Financial Times called it "a sparkling polemic. "Professor Madoff is also the lead author on one of the top treatises on estate planning: Practical Guide to Estate Planning (CCH) (published annually from 2001-2017).Professor Madoff is the Co-founder and Director of the Boston College Law School Forum on Philanthropy and the Public Good, a non-partisan think tank that convenes scholars and practitioners to explore questions regarding whether the rules governing the charitable sector best serve the public good. She is a nationally recognized expert on matters of philanthropy tax policy.
Benjamin Soskis is a Research Associate at the Center on Nonprofits and Philanthropy at the Urban Institute and the co-editor of HistPhil, a web publication dedicated to the history of the nonprofit and philanthropic sectors. He has also served as a consultant to the Open Philanthropy Project's History of Philanthropy program. Soskis is a frequent contributor to the Chronicle of Philanthropy and the Atlantic; his writing on philanthropy has also appeared in the Washington Post, New Yorker.com, the Guardian, the American Prospect, Stanford Social Innovation Review, and Nonprofit Quarterly. He is the co-author of The Battle Hymn of the Republic: A Biography of the Song that Marches On (Oxford, 2013) and Looking Back at 50 Years of US Philanthropy (Hewlett Foundation, 2016). Soskis has taught at the George Washington University and the University of California, Washington Center and received his PhD in American history from Columbia University.
Benjamin Soskis is a Research Associate at the Center on Nonprofits and Philanthropy at the Urban Institute and the co-editor of HistPhil, a web publication dedicated to the history of the nonprofit and philanthropic sectors. He has also served as a consultant to the Open Philanthropy Project's History of Philanthropy program. Soskis is a frequent contributor to the Chronicle of Philanthropy and the Atlantic; his writing on philanthropy has also appeared in the Washington Post, New Yorker.com, the Guardian, the American Prospect, Stanford Social Innovation Review, and Nonprofit Quarterly. He is the co-author of The Battle Hymn of the Republic: A Biography of the Song that Marches On (Oxford, 2013) and Looking Back at 50 Years of US Philanthropy (Hewlett Foundation, 2016). Soskis has taught at the George Washington University and the University of California, Washington Center and received his PhD in American history from Columbia University.
Content
1 Introduction: A Brief History of Giving in Time
Stanley N. Katz and Benjamin Soskis
PART I: HISTORY
2 "Giving While Living" in Historical Perspective
Benjamin Soskis
3 Against Perpetuity
Rob Reich
4 Endowed for Eternity: American Jewish Philanthropy in Time
Lila Corwin Berman
PART II: THEORY
5 "That the Earth Belongs in Usufruct to the Living": Intergenerational Philanthropy and the Problem of Dead-Hand Control
Theodore M. Lechterman
6 Intergenerational Justice and Charitable Giving: A Libertarian Perspective
Miranda Perry Fleischer
7 When Should an Effective Altruist Donate?
William MacAskill
8 In Pursuit of Legacy: Digital Data and the Future of Foundations
Lucy Bernholz
PART III: PRACTICE
9 Time-Limited Foundations: Comparative Perspectives from Europe
Helmut K. Anheier and Sandra Rau
10 Is It Really a Matter of Time?: Rethinking the Significance of Foundation Life Span
Francie Ostrower
11 Value, Time, and Time-Limited Philanthropy: A Theoretical Approach Applied to Two Real Examples
Tony Proscio
12 The Myth of Payout Rules: Where Do We Go from Here?
Brian Galle and Ray Madoff
Selected Bibliography
Index
About the Editors and Contributors
Stanley N. Katz and Benjamin Soskis
PART I: HISTORY
2 "Giving While Living" in Historical Perspective
Benjamin Soskis
3 Against Perpetuity
Rob Reich
4 Endowed for Eternity: American Jewish Philanthropy in Time
Lila Corwin Berman
PART II: THEORY
5 "That the Earth Belongs in Usufruct to the Living": Intergenerational Philanthropy and the Problem of Dead-Hand Control
Theodore M. Lechterman
6 Intergenerational Justice and Charitable Giving: A Libertarian Perspective
Miranda Perry Fleischer
7 When Should an Effective Altruist Donate?
William MacAskill
8 In Pursuit of Legacy: Digital Data and the Future of Foundations
Lucy Bernholz
PART III: PRACTICE
9 Time-Limited Foundations: Comparative Perspectives from Europe
Helmut K. Anheier and Sandra Rau
10 Is It Really a Matter of Time?: Rethinking the Significance of Foundation Life Span
Francie Ostrower
11 Value, Time, and Time-Limited Philanthropy: A Theoretical Approach Applied to Two Real Examples
Tony Proscio
12 The Myth of Payout Rules: Where Do We Go from Here?
Brian Galle and Ray Madoff
Selected Bibliography
Index
About the Editors and Contributors