In the first half of the twenty-first century, giving to family and community foundations alone will be ten times in today’s dollars what it was throughout the entire twentieth century. Yet despite tremendous innovation in the social sector, philanthropy’s natural state is under-performance. Not since Andrew Carnegie wrote The Gospel of Wealth has a book been written that provides practical guidance for donors to get the most impact from their giving.
Almost a decade ago, Thomas J. Tierney left Bain Company to co-found The Bridgespan Group, a nonprofit focused on helping donors and nonprofit leaders to develop and execute strategies to accelerate social change. In Give Smart, Tierney pools his hands-on knowledge with philanthropy expert Joel L. Fleishman to create a much-needed primer for philanthropists and the nonprofit organizations they support. Drawing from personal experiences, testimonials, and Bridgespan’s case studies, including those of the Bill and Melinda Gates Foundation and the John D. and Catherine T. MacArthur Foundation, Give Smart picks up where Jim Collins’ Good to Great and the Social Sectors left off and presents the first in-depth, expert guide for engaged donors and nonprofit leaders.

During the next twenty years, more than $500 billion is expected to pour into the philanthropic sector. Some of it will come from retiring baby boomers, but even more will come from newly rich Silicon Valley billionaires. Since 2006, the idea of “giving while living” has grown in its appeal such that many philanthropic donors now expect not just to give money during their lifetimes, but to create organizations or ventures-some for profit, others not for profit-whose missions are expected to be completed within the lifetime of the donors. The combination of these two trends has transformed the not-for-profit sector in scale and dynamism, attracting some skeptical scrutiny along the way.
Joel Fleishman is one of the wisest of wise men in philanthropy whose advice is routinely sought by organizations and individuals across the country. In Putting Wealth to Work, he tells the story of a uniquely American financial sector, all but created by Andrew Carnegie’s example, that since 1995 has become more dynamic with every passing year.