'That philanthropy, a quintessential institution of civil society, is in great need of renewal is without doubt -- what such a renewal might entail however is hotly debated. Anheier and Leat chart a clear course through this debate, offer a new model of philanthropy for the 21st century and explore its implications for foundation policy and management. This is applied social science at its best: conceptual, empirically grounded, constructive and practical.' - Professor Lord Anthony Giddens, Emeritus Professor of Sociology, London School of Economics, UK'Philanthropic Foundations are puzzling social institutions. In this book that challenges both supporters and critics of Foundations, Anheier and Leat offer their original account of the unique role these anomalous institutions can best play in societies. Their account is important not only to those who establish, manage, and operate these institutions, but also to those who regulate, benefit from, or feel threatened by these powerful institutions. The last group includes all of us citizens.' - Mark H. Moore, Hauser Professor of Nonprofit Organizations. Kennedy School of Government, Harvard University