ABSTRACT
Current discussions of the need for a new philanthropy tend to focus on ways and means to capture more private money for the public good, and on using such funds more efficiently. The problem with focusing on capturing and spending more philanthropic money is that it does not speak to the rising crescendo of challenges to the roles and practices of foundations. Such a focus fails to provide any new, robust rationale for the existence of foundations in a democracy, and does not address the question of the effectiveness of existing, and potential new, foundations. Rather than simply asking for more philanthropic money, the need is to find ways of making new and existing resources work more effectively.
