This course is focused on strategic philanthropy and impact investing, with particular emphasis on high-net-worth philanthropists. We'll begin with a brief introduction to strategic (or outcomes-oriented) philanthropy, before surveying contemporary issues, including trends, critiques, and ideas for moving the field forward. Together, we will explore questions such as: What is the role of philanthropy and the social sector in a society dominated by markets and the public sector? Do philanthropists achieve their goals, and why or why not? To what extent do current movements - such as trust-based philanthropy, participatory philanthropy, and effective altruism - advance best practices? How might different forms of charitable support - including traditional grants, advocacy and lobbying dollars, impact investments, and human capital and time - be deployed to maximize progress towards achieving impact goals? What are the tradeoffs between giving directly versus giving through philanthropic intermediaries? How should philanthropists think about giving today versus giving in the future? Should the rules governing philanthropy be amended to enhance its effectiveness? Our class conversations will be supported by the insights and experiences of invited guests, including distinguished philanthropists and other social sector leaders.
2 units · GSB Letter Graded
This course is focused on strategic philanthropy and impact investing, with particular emphasis on high-net-worth philanthropists. We'll begin with a brief introduction to strategic (or outcomes-oriented) philanthropy, before surveying contemporary issues, including trends, critiques, and ideas for moving the field forward. Together, we will explore questions such as: What is the role of philanthropy and the social sector in a society dominated by markets and the public sector? Do philanthropists achieve their goals, and why or why not? To what extent do current movements - such as trust-based philanthropy, participatory philanthropy, and effective altruism - advance best practices? How might different forms of charitable support - including traditional grants, advocacy and lobbying dollars, impact investments, and human capital and time - be deployed to maximize progress towards achieving impact goals? What are the tradeoffs between giving directly versus giving through philanthropic intermediaries? How should philanthropists think about giving today versus giving in the future? Should the rules governing philanthropy be amended to enhance its effectiveness? Our class conversations will be supported by the insights and experiences of invited guests, including distinguished philanthropists and other social sector leaders.
Offered in Winter 2027 at Stanford University.