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Billions of Drops in Millions of Buckets: Why Philanthropy by Steven H. Goldberg

By Steven H. Goldberg

Compliment for BILLIONS OF DROPS in thousands OF BUCKETS"Billions of Drops in hundreds of thousands of Buckets offers a bracing and unique examine philan-thropy that provides a much-needed corrective to standard knowledge. Steve Goldberg combines a unravel to appreciate why lots philanthropy accomplishes so little enduring social swap with a well timed and critical thought to reinvigorate nonprofit capital markets during the easiest of insights: getting extra of the money to the place it will possibly do the main reliable. This booklet will switch how forward-looking philanthropists, foundations, and policymakers take into consideration the connection among charitable giving and the transformative skill of social entrepreneurs."—Jerr Boschee, founder and government Director, The Institute for Social marketers; vacationing Professor of the perform in Social firm, Carnegie Mellon University"Goldberg's arguments are logical subsequent steps within the speedily evolving dialogue of social capital markets. He deals formidable proposals educated by way of the truth of present practices and occupied with an plausible set of objectives. He absolutely acknowledges the potential of restructuring that's inherent during this time of monetary difficulty. genuine switch is dependent upon massive principles, and Steve Goldberg bargains us several."—Lucy Bernholz, writer of making Philanthropic Capital Markets: The planned Evolution"When I first heard approximately 'evidence-based medicine,' i assumed: 'you suggest it isn't?' learn this booklet and that is how you are going to consider approximately 'performance-based philanthropy.' Goldberg takes the very best present administration pondering and applies it to social company, illuminating either the encouraging successes of social marketers and the obstacles they face. Even greater, he offers compelling rules for making the social region enormously extra effective."—Christopher Meyer, leader govt, visual display unit Networks"Goldberg demands extra 'performance-driven philanthropy,' the place nonprofits are rewarded in accordance with their effects, rather than the present disorder. it's an immense name and a useful contribution to discussions approximately easy methods to increase nonprofits within the U.S. and internationally."—Martin Brookes, leader govt, New Philanthropy Capital"Billions of Drops... is a must-read romp via rising fields of social entrepre-neurship and nonprofit capital markets."—George Overholser, founder and handling Director, NFF Capital companions

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Additional info for Billions of Drops in Millions of Buckets: Why Philanthropy Doesn't Advance Social Progress

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These are not small accomplishments. In fact, figuring out and delivering the core solution to our most stubborn social problems, such as reducing dropout rates and increasing teaching effectiveness, just might be the hardest part of the puzzle. But while social entrepreneurs have established thriving base camps, it must be acknowledged that something fundamentally different will be required to extend their impacts by the orders of magnitude needed to transform their small-scale successes into transformative solutions to national problems.

The organization has a clear understanding of cost per incremental life touched. Source: Robert S. Kaplan and David P. Norton, The Balanced Scorecard: Translating Strategy into Action (HBS Press 1996). 35 Consider the year-over-year growth of two organizations in the New Profit portfolio. 4 Children Living in Low-Income and Poor Families, by Age Group, 2006 Source: Ayana Douglas-Hall and Michelle Chau, “Basic Facts About Low-Income Children: Birth to Age 18,” National Center for Children in Poverty, Mailman School of Public Health at Columbia University, 14 Apr.

The causes of social and economic disadvantage are many and varied, so disadvantaged children and adults have quite a variety of needs, many of which don’t fall within the narrow boundaries of traditional NPOs. For example, educational entrepreneurs define their domains of responsibility with unprecedented breadth: stability in the home, parental involvement, homework completion, academic remediation, safety at home and in school, transportation, truancy and tardiness, and even sound nutrition.

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