5 Must-Read Books on Philanthropy Every Professional Should Have on Their Shelf

Philanthropy, the act of giving back to society for the greater good, is a noble pursuit and an essential aspect of being a well-rounded professional. Whether you’re a seasoned philanthropist or just starting to explore the world of giving, several books offer valuable insights, strategies, and inspiration. Here are five must-read books on philanthropy that every professional should have on their shelf.

“The Art of Giving: Where the Soul Meets a Business Plan” by Charles Bronfman and Jeffrey Solomon

In “The Art of Giving,” Charles Bronfman and Jeffrey Solomon explore the intersection of philanthropy and business, emphasizing the importance of strategic giving. Drawing from their extensive corporate and nonprofit experience, the authors provide practical advice on approaching philanthropy with the same rigor and discipline as running a business. From setting clear goals to measuring impact, this book offers valuable insights for professionals looking to make a meaningful difference through their philanthropic efforts.

One of the key takeaways from “The Art of Giving” is that philanthropy should be more than just writing checks; it should be a strategic investment in social change. By applying business principles such as strategic planning, evaluation, and accountability to their philanthropic endeavors, professionals can maximize the effectiveness of their giving and create lasting impact in their communities.

“Give and Take: A Revolutionary Approach to Success” by Adam Grant

In “Give and Take,” organizational psychologist Adam Grant explores the power of giving in the workplace and beyond. Drawing on research from psychology, economics, and sociology, Grant argues that success is not just about individual talent and ambition but also how we interact with others. He introduces the concept of “givers,” who freely share their time, knowledge, and resources. He demonstrates how they often achieve more tremendous success and fulfillment than “takers” or “matchers.”

For professionals looking to cultivate a culture of giving within their organizations or communities, “Give and Take” offers valuable insights and practical strategies. By fostering a culture of generosity and reciprocity, professionals can create environments where collaboration thrives, creativity flourishes, and everyone benefits.

“The Givers: Wealth, Power, and Philanthropy in a New Gilded Age” by David Callahan

In “The Givers,” journalist David Callahan critically examines the world of contemporary philanthropy, exploring the growing influence of wealthy donors on society. Drawing on interviews with philanthropists, nonprofit leaders, and policy experts, Callahan examines the impact of large-scale philanthropy on democracy, inequality, and social change.

One of the central themes of “The Givers” is the tension between the power of individual philanthropists to effect positive change and the potential risks of unchecked influence. Callahan raises essential questions about accountability, transparency, and the role of government in regulating philanthropic activities. This book provides valuable food for thought for professionals interested in philanthropy’s ethical and social implications.

“Strategic Giving: The Art and Science of Philanthropy” by Peter Frumkin

In “Strategic Giving,” Peter Frumkin offers a comprehensive guide to effective philanthropy, combining insights from economics, sociology, and nonprofit management. Frumkin argues that strategic giving requires careful consideration of both the heart and the head, balancing passion with analysis to achieve maximum impact.

From identifying worthy causes to evaluating nonprofit organizations, “Strategic Giving” provides practical advice and tools for professionals seeking to make informed decisions about their charitable investments. By adopting a strategic approach to philanthropy, professionals can ensure that their resources are directed toward the most pressing needs and have the most significant possible impact.

“Just Giving: Why Philanthropy Is Failing Democracy and How It Can Do Better” by Rob Reich

In “Just Giving,” political scientist Rob Reich challenges conventional wisdom about the role of philanthropy in society and offers a provocative critique of its current practices. Reich argues that while philanthropy has the potential to address pressing social problems, it also poses significant risks to democratic governance and social justice.

Drawing on examples from education, healthcare, and the arts, “Just Giving” explores how philanthropy can reinforce and exacerbate existing inequalities. Reich calls for greater transparency, accountability, and democratic oversight of philanthropic activities to ensure they serve the public good rather than private interests.

These five books offer valuable perspectives and insights into the world of philanthropy. Whether you’re a seasoned philanthropist or just beginning your journey of giving, these books provide essential guidance and inspiration for positively impacting your community and beyond. By learning from the experiences of others and adopting a strategic approach to giving, professionals can maximize their effectiveness and create lasting change in the world.