Philanthropic and Business Values

Paper Summary:

The paper outlines the notable characteristics of philanthropic and business values by looking at two articles. The paper presents an interview conducted with three individuals representing the government, the philanthropic community and the business sector. The paper outlines the barriers, opportunities, risks and rewards these individuals feel people should be aware of as they attempt to make multi-sector collaborations work. The paper illustrates the challenges the city of Calgary faces as it comes to terms with its growing homeless problem.

From the Paper:

"In her extensive investigation of philanthropic and business values and how the two often diverge (and occasionally, perhaps unwittingly, converge), Marion Peters Angelica (2002a) writes that philanthropy is based upon the religious ideal - found in all the great religions of the world - that it is better to give than to receive and that the most noble work is that work dedicated to the betterment of the larger community and to the amelioration of the plight of the vulnerable/infirm. Within the American context, Peters (2002a) points out that there is a long tradition of involuntary associations springing up which have made it their fundamental objective to serve the needs of the downtrodden; to wit, over time philanthropic corporations (most notably hospitals, but also educational institutions) emerged in America and their rise to prominence was joined by the advent of philanthropic foundations devoted to distributing the great wealth of prominent American families and individuals."

Sample of Sources Used:

• Angelica, Marion Peters. (2002a). An overview of the history of the philanthropic sector: Philanthropic sector - ancient in its origins but "spanky new" as a socio-economic sector. Session Three: History and Context of the Philanthropic Sector. Additional bibliographic information for this source not provided.
• Angelica, Marion Peters. (2002b). An overview of the socioeconomic sectors and the relationships among them: What are the sectors? Session One: An overview of the socioeconomic sectors and the relationships among them. Additional bibliographic information for this source not provided.
• Light, Paul. (2001, December). Government's greatest priorities of the next half-century. The Brookings Institution: Governance. Retrieved December 17, 2006, from <http://www.brook.edu/comm/reformwatch/rw04.htm>
• Loomis, Carol. (2006, June 25). Warren Buffet gives away his fortune: A conversation with Warren Buffet. Fortune Magazine Online. Retrieved January 12, 2006, from <http://money.cnn.com/2006/06/25/magazines/fortune/charity2.fortune/index.htm>

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