It is a well-known fact that foundations have the ability to make a positive impact on society. What role will foundations play in the twenty-first century? What challenges will grantmakers face in the future? What skills will be needed of future philanthropic leaders to meet these challenges? These compelling questions, and many others, are addressed in From Grantmaker to Leader: Emerging Strategies for Twenty-First Century Foundations. Numerous books have analyzed the evolution of philanthropy over the past one hundred years. Frank L. Ellsworth and Joe Lumarda acknowledge the significance of the historical perspective of philanthropy's changing role by describing these shifting dynamics. However, the added value of From Grantmaker to Leader is its emphasis on philanthropy's future rather than its past.

Written for foundation staff, trustees, board members, or philanthropic advisors, From Grantmaker to Leader covers a broad range of topics within four distinct sections. In addition to contributions by foundation veterans Ellsworth and Lumarda, chapters are written by philanthropic experts who analyze critical issues facing philanthropy today with an emphasis on implications for the future. Topics include the intergenerational transfer of wealth, accountability and governance, venture philanthropy, as well as strategic partnerships and collaboration. Case studies and interviews illustrate key points throughout the book. One insightful chapter encourages foundations to apply knowledge management strategies to philanthropic work.

From Grantmaker to Leader raises many thought-provoking questions for the reader about the future role of foundations in society. And, despite the serious nature of its subject, the book is easy to read and comprehend. Ellsworth and Lumarda emphasize that foundations will be faced with complex challenges in the twenty-first century. From Grantmaker to Leader encourages the creation of a new kind of high-performance philanthropy that blends the strengths of the traditional with those of a "new philanthropy" — one that is more hands-on and results oriented. How foundations respond to future challenges is yet to be determined.

For citations to additional materials on this topic, refer to Literature of the Nonprofit Sector Online, using the subject heading "Foundations-administration."