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:
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
3 Against Perpetuity
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?
8 In Pursuit of Legacy: Digital Data and the Future of Foundations
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
11 Value, Time, and Time-Limited Philanthropy: A Theoretical Approach Applied to Two Real Examples
12 The Myth of Payout Rules: Where Do We Go from Here?
Brian Galle and Ray Madoff
About the Editors and Contributors
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.
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.
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.
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.
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.