{"product_id":"billions-of-drops-in-millions-of-buckets-isbn-9780470454671","title":"Billions of Drops in Millions of Buckets","description":"\u003cb\u003ePraise for BILLIONS OF DROPS in MILLIONS OF BUCKETS\u003c\/b\u003e  \u003cp\u003e\"\u003ci\u003eBillions of Drops in Millions of Buckets\u003c\/i\u003e provides a bracing and original look at philan-thropy that offers a much-needed corrective to conventional wisdom. Steve Goldberg combines a resolve to understand why so much philanthropy accomplishes so little enduring social change with a timely and serious proposal to reinvigorate nonprofit capital markets through the simplest of insights: getting more of the money to where it can do the most good. This book will change how forward-looking philanthropists, foundations, and policymakers think about the relationship between charitable giving and the transformative capacity of social entrepreneurs.\"\u003cbr\u003e —\u003cb\u003eJerr Boschee\u003c\/b\u003e, founder and Executive Director, The Institute for Social Entrepreneurs; Visiting Professor of the Practice in Social Enterprise, Carnegie Mellon University\u003c\/p\u003e \u003cp\u003e\"Goldberg's arguments are logical next steps in the rapidly evolving discussion of social capital markets. He offers ambitious proposals informed by the reality of current practices and focused on an achievable set of goals. He fully recognizes the potential for restructuring that is inherent in this time of financial hardship. Real change relies on big ideas, and Steve Goldberg offers us several.\"\u003cbr\u003e —\u003cb\u003eLucy Bernholz\u003c\/b\u003e, author of \u003ci\u003eCreating Philanthropic Capital Markets: The Deliberate Evolution\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"When I first heard about 'evidence-based medicine,' I thought: 'you mean it isn't?' Read this book and that's how you'll feel about 'performance-based philanthropy.' Goldberg takes some of the best current management thinking and applies it to social enterprise, illuminating both the encouraging successes of social entrepreneurs and the barriers they face. Even better, he presents compelling ideas for making the social sector vastly more effective.\"\u003cbr\u003e —\u003cb\u003eChristopher Meyer\u003c\/b\u003e, Chief Executive, Monitor Networks\u003c\/p\u003e \u003cp\u003e\"Goldberg calls for more 'performance-driven philanthropy,' where nonprofits are rewarded based on their results, in place of the current dysfunction. It is an important call and a valuable contribution to discussions about how to improve nonprofits in the U.S. and internationally.\"\u003cbr\u003e —\u003cb\u003eMartin Brookes\u003c\/b\u003e, Chief Executive, New Philanthropy Capital\u003c\/p\u003e \u003cp\u003e\"\u003ci\u003eBillions of Drops\u003c\/i\u003e... is a must-read romp through emerging fields of social entrepre-neurship and nonprofit capital markets.\"\u003cbr\u003e —\u003cb\u003eGeorge Overholser\u003c\/b\u003e, founder and Managing Director, NFF Capital Partners\u003c\/p\u003e  \u003cb\u003eAbout the Author.\u003c\/b\u003e  \u003cp\u003e\u003cb\u003ePrelude: “The Great Recession”.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePreface.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Word about Scope.\u003c\/p\u003e \u003cp\u003eA Style Note.\u003c\/p\u003e \u003cp\u003eA Case to Be Made.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 The Disheartening Problem of “Scale”.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e“All Children”.\u003c\/p\u003e \u003cp\u003e“One Day”.\u003c\/p\u003e \u003cp\u003eTransformative Social Impact.\u003c\/p\u003e \u003cp\u003eThe Funding\/Performance Disconnection.\u003c\/p\u003e \u003cp\u003eSmall Caps and Large Caps.\u003c\/p\u003e \u003cp\u003eMid-Caps and $100 Million Problems.\u003c\/p\u003e \u003cp\u003eMaking the Most of a New “Golden Age”.\u003c\/p\u003e \u003cp\u003eForeclosing on the American Dream.\u003c\/p\u003e \u003cp\u003eOf Drops and Buckets.\u003c\/p\u003e \u003cp\u003eA Potential Inflection Point.\u003c\/p\u003e \u003cp\u003eObjectives of This Book.\u003c\/p\u003e \u003cp\u003eA Virtual Nonprofit Stock Market.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The American Underclass.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAmerican Social Progress: The Early Years.\u003c\/p\u003e \u003cp\u003eThe American Dream Arrives.\u003c\/p\u003e \u003cp\u003eThe American Dream Recedes.\u003c\/p\u003e \u003cp\u003eConsequences of Social Immobility.\u003c\/p\u003e \u003cp\u003eMore Complex Solutions.\u003c\/p\u003e \u003cp\u003eGovernmental Response Mechanisms.\u003c\/p\u003e \u003cp\u003eThe Challenge of Producing Transformative Social Impact.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Fragmentation.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinancial versus Nonprofit Capital Markets.\u003c\/p\u003e \u003cp\u003eOrganic Growth Isn’t Enough.\u003c\/p\u003e \u003cp\u003eLimits of Innovation.\u003c\/p\u003e \u003cp\u003eMarket Adoption.\u003c\/p\u003e \u003cp\u003eImplications of Moore’s Model.\u003c\/p\u003e \u003cp\u003eWhy Does Transformative Impact Cost So Much?\u003c\/p\u003e \u003cp\u003eMoving toward Third-Stage Funding.\u003c\/p\u003e \u003cp\u003eThe Not-So-Little Capital Market That Can’t.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Intermediation.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e“Better” Philanthropic Choices.\u003c\/p\u003e \u003cp\u003eAn Economic Approach to Reducing Fragmentation.\u003c\/p\u003e \u003cp\u003eExtracting Information about Nonprofit Impact.\u003c\/p\u003e \u003cp\u003e“Long-Tail” Economics.\u003c\/p\u003e \u003cp\u003eBetween the Short Head and the Long Tail.\u003c\/p\u003e \u003cp\u003eIntermediation.\u003c\/p\u003e \u003cp\u003e“Nonprofit Finance Agents”.\u003c\/p\u003e \u003cp\u003eClosed versus Open Intermediation.\u003c\/p\u003e \u003cp\u003eSocial Factor.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Growth Capital.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRevenue versus Capital.\u003c\/p\u003e \u003cp\u003eInvestor Confidence.\u003c\/p\u003e \u003cp\u003eCrossing the Funding Chasm.\u003c\/p\u003e \u003cp\u003eMaking the Nonprofit World Safe for Growth Capital.\u003c\/p\u003e \u003cp\u003ePlanning for Sustainable Growth.\u003c\/p\u003e \u003cp\u003eAccounting for Growth.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 A Performance-Based Funding Market.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Work of Markets.\u003c\/p\u003e \u003cp\u003eThe Illusion of Stock Prices.\u003c\/p\u003e \u003cp\u003eMarket Dynamics.\u003c\/p\u003e \u003cp\u003eFinancial Value versus Social Value.\u003c\/p\u003e \u003cp\u003eUp versus Down; More versus Less.\u003c\/p\u003e \u003cp\u003eCollective Intelligence.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Prediction Markets.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAn Illustration.\u003c\/p\u003e \u003cp\u003eBehind the Curtain.\u003c\/p\u003e \u003cp\u003eNew Tools Proliferate.\u003c\/p\u003e \u003cp\u003eKinds of Markets.\u003c\/p\u003e \u003cp\u003eGood Enough.\u003c\/p\u003e \u003cp\u003eRank Intelligence.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 The Impact Index.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDesigning the IMPEX.\u003c\/p\u003e \u003cp\u003eDetermining Eligibility.\u003c\/p\u003e \u003cp\u003eRanking Nonprofit “Stocks”.\u003c\/p\u003e \u003cp\u003eIMPEX.org.\u003c\/p\u003e \u003cp\u003eClimbing Off the Drawing Board.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Crossing the Fundraising Chasm.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePerformance Measurement.\u003c\/p\u003e \u003cp\u003ePlatform Leadership.\u003c\/p\u003e \u003cp\u003eInformation Retrieval.\u003c\/p\u003e \u003cp\u003eWe Know.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAcknowledgments.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIndex.\u003c\/b\u003e\u003c\/p\u003e \u003cb\u003eSTEVEN H. GOLDBERG\u003c\/b\u003e has advised numerous nonprofits on strategic planning and organizational development, including New Profit Inc., one of the founders of venture philanthropy; and Cradles to Crayons, which provides \"everyday essentials\" such as gently used clothing, books, school supplies, and baby equipment to more than 40,000 poor and low-income children. He is a Senior Fellow at Root Cause, which accelerates enduring solutions to social and economic problems by supporting social innovators and educating social impact investors. Goldberg has nearly thirty years of experience in economics, law, government, and business management, most recently as executive vice president for Business Development and General Counsel at Imagitas, Inc. He coauthored \u003ci\u003eY2K Risk Management: Contingency Planning\u003c\/i\u003e, \u003ci\u003eBusiness Continuity and Avoiding Litigation\u003c\/i\u003e (Wiley) and has written extensively about nonprofit capital market institutions.  Despite record levels of charitable giving, volunteerism, and nonprofit innovation, it has become increasingly more difficult over the last thirty years for poor and low-income Americans to become economically and socially self-sufficient. Social entrepreneurs passionately believe that \"one day, all children\" must have access to the basic skills and opportunities required to overcome inequality and immobility, but at current growth rates, it will take decades for them to address even 10% of our most critical social needs.  \u003cp\u003ePhilanthropy doesn't move the needle of social progress for millions of American families because there is a stubborn disconnection between funding and results. Effective nonprofits aren't rewarded with increased funding, and weak performers don't lose funding. Instead, the U.S. nonprofit capital market haphazardly distributes more than $300 billion of charitable donations among more than two million nonprofits that compete for funding with almost no consideration given to which organizations can make the best use of the money. As a result, fragmented funding fails to marshal vital growth capital that strong nonprofits need to achieve meaningful reductions in poverty, illiteracy, violence, and hopelessness.\u003c\/p\u003e \u003cp\u003eIn \u003ci\u003eBillions of Drops in Millions of Buckets\u003c\/i\u003e, Steven Goldberg explores the debilitating financial constraints that prevent so many nonprofit organizations from producing substantially greater social impact, and sheds new light on how the nonprofit capital market should be structured to best allocate funds in support of high-performing organizations that deserve additional resources to achieve optimal scale. He presents sweeping historical evidence, rigorous economic analysis, and extensive case studies of social enterprises, venture philanthropies, independent researchers, and the emerging array of \"prediction markets\" to show that the time has come to develop new financial institutions and tools that can consolidate much larger sums of money with much less effort, time, and cost, and distribute it in ways that dramatically magnify its impact.\u003c\/p\u003e \u003cp\u003eGoldberg makes a compelling case for an intelligent capital allocation system—a virtual nonprofit stock market—based on the \"wisdom of crowds\" to help highly engaged social investors efficiently find and fund the best nonprofits, instead of forcing nonprofits to spend so much unproductive time looking for too little money with too many strings attached. His petition for financial intermediation challenges accepted orthodoxies of nonprofit fundraising and offers an informed pathway toward performance-driven philanthropy.\u003c\/p\u003e  \u003cb\u003ePraise for BILLIONS OF DROPS in MILLIONS OF BUCKETS\u003c\/b\u003e  \u003cp\u003e\"\u003ci\u003eBillions of Drops in Millions of Buckets\u003c\/i\u003e provides a bracing and original look at philan-thropy that offers a much-needed corrective to conventional wisdom. Steve Goldberg combines a resolve to understand why so much philanthropy accomplishes so little enduring social change with a timely and serious proposal to reinvigorate nonprofit capital markets through the simplest of insights: getting more of the money to where it can do the most good. This book will change how forward-looking philanthropists, foundations, and policymakers think about the relationship between charitable giving and the transformative capacity of social entrepreneurs.\"\u003cbr\u003e —\u003cb\u003eJerr Boschee\u003c\/b\u003e, founder and Executive Director, The Institute for Social Entrepreneurs; Visiting Professor of the Practice in Social Enterprise, Carnegie Mellon University\u003c\/p\u003e \u003cp\u003e\"Goldberg's arguments are logical next steps in the rapidly evolving discussion of social capital markets. He offers ambitious proposals informed by the reality of current practices and focused on an achievable set of goals. He fully recognizes the potential for restructuring that is inherent in this time of financial hardship. Real change relies on big ideas, and Steve Goldberg offers us several.\"\u003cbr\u003e —\u003cb\u003eLucy Bernholz\u003c\/b\u003e, author of \u003ci\u003eCreating Philanthropic Capital Markets: The Deliberate Evolution\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"When I first heard about 'evidence-based medicine,' I thought: 'you mean it isn't?' Read this book and that's how you'll feel about 'performance-based philanthropy.' Goldberg takes some of the best current management thinking and applies it to social enterprise, illuminating both the encouraging successes of social entrepreneurs and the barriers they face. Even better, he presents compelling ideas for making the social sector vastly more effective.\"\u003cbr\u003e —\u003cb\u003eChristopher Meyer\u003c\/b\u003e, Chief Executive, Monitor Networks\u003c\/p\u003e \u003cp\u003e\"Goldberg calls for more 'performance-driven philanthropy,' where nonprofits are rewarded based on their results, in place of the current dysfunction. It is an important call and a valuable contribution to discussions about how to improve nonprofits in the U.S. and internationally.\"\u003cbr\u003e —\u003cb\u003eMartin Brookes\u003c\/b\u003e, Chief Executive, New Philanthropy Capital\u003c\/p\u003e \u003cp\u003e\"\u003ci\u003eBillions of Drops\u003c\/i\u003e... is a must-read romp through emerging fields of social entrepre-neurship and nonprofit capital markets.\"\u003cbr\u003e —\u003cb\u003eGeorge Overholser\u003c\/b\u003e, founder and Managing Director, NFF Capital Partners\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988811432165,"sku":"NP9780470454671","price":44.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470454671.jpg?v=1761781684","url":"https:\/\/k12savings.com\/products\/billions-of-drops-in-millions-of-buckets-isbn-9780470454671","provider":"K12savings","version":"1.0","type":"link"}