Giving Compass' Take:
- This piece is a part of the "Impact Giving Classics" library, curated by Stanford PACS.
What is Giving Compass?
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The International Network for Strategic Planning (INSP) hopes to promote greater giving, more strategically engaged. One output of the INSP network is the publication of a series of monographs on key issues in global philanthropy. The purpose is to explore and illuminate the range of vehicles through which charitable giving and philanthropy are practiced on the global stage. The direct gift, while still king in most countries, is increasingly complemented by a rich range of other vehicles for giving, all are a response to donors’ desire to find the method that fits their goals and personal style, and to maximize philanthropic impact.
Over the past several decades, philanthropy has witnessed the emergence of a number of giving vehicles, some with roots in conventional models of philanthropy, others that introduce entirely new elements into charitable giving. The direct gift, while still king in most countries, is increasingly complemented by a rich range of other vehicles for giving, e.g., donor advised funds, private foundations, and giving circles. All are a response to donors’ desire to find the method that fits their goals and personal style, and to maximize philanthropic impact."
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