Debut Issue of Philanthropy Management: Do Entrepreneurs Make Effective Philanthropists?

LONDON, April 18, 2012 /PRNewswire/ -- Entrepreneurs who commit themselves to philanthropy bring both strengths and weaknesses to this endeavor, according to the inaugural quarterly issue of Philanthropy Management.

"One challenge is that entrepreneurs often become so enthused by a cause that they forget to survey the philanthropic landscape to identify existing redundancies," observes editor Richard Schwartz. He notes that the same successful entrepreneurs would not be prone to commit this error in their own businesses.

"Entrepreneurs also can become frustrated, as they tend to be hard-charging, demanding individuals with a break-down-the-walls approach to business," Schwartz says. "The philanthropic world is extremely interconnected and often requires interaction with parties who do not exhibit the same degree of entrepreneurial dynamism and urgency."

For these reasons, Philanthropy Management suggests that wealth consultants and other advisors manage the expectations of entrepreneurs who are making their first serious forays into philanthropy.

"Despite these hurdles, the recent entree of so many entrepreneurs into philanthropy is extremely positive," Schwartz added. "In addition to their wealth, they have directed a tremendous amount of energy and creativity to bettering the world, and their insistence on rigorous standards of accountability has influenced many other organizations."

Philanthropy Management, an Asset International publication, focuses on the financial, operational and strategic services provided to foundations, endowments and other large-scale grant makers by banks, asset managers and other professional advisors. It is distributed globally to more than 11,000 senior executives within the largest grant making entities in the Americas, Europe, Asia and Middle East, including foundations and endowments, family foundations and family offices.

"Parts of the philanthropic transaction chain have received more attention than others, but the truth is that the way grant making is funded and administered is crucial to its sustainability," says John Lee, Managing Director, Europe, Asset International. "Philanthropy Management aims to provide philanthropic institutions with a broader and more refined range of resources and research to measure their own success and gauge the impact of the advisors and services they use."

About Philanthropy Management
Philanthropy Management, an Asset International publication, focuses on the financial, operational and strategic services provided to foundations, endowments and other large-scale grant makers by banks, asset managers and other professional advisors. It is distributed globally to more than 11,000 senior executives within the largest grant making entities in the Americas, Europe, Asia and Middle East, including foundations and endowments, family foundations and family offices.

Philanthropy Management aims to provide philanthropic institutions with a broader and more refined range of tools, resources and research to measure their own success and the impact of the advisors and services they use. Philanthropy Management is edited by Richard Schwartz. Please visit philanthropy-management.com.

About Asset International
Asset International is a privately-held provider of information and technology to global pension funds, asset managers, financial advisers, banking service providers, and other financial institutions in the private and public sector. Its industry-leading brands include Strategic Insight, SIMFUND, PLANSPONSOR, PLANADVISER, Global Custodian, Philanthropy Management and The Trade. The company was acquired in January 2009 by Austin Ventures and has offices in New York, Hong Kong, London and Stamford, CT.

SOURCE Asset International