Full 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?
Contents
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
