Through this work, we hope to spur more effective collaboration among foundations and with other sectors.
New York, NY (PRWEB) December 22, 2015
Rockefeller Philanthropy Advisors (RPA) will work with the Marshall Institute for Philanthropy and Social Entrepreneurship at the London School of Economics and Political Science on a project called the Theory of the Foundation, started by RPA in 2013.
"Through this work, we hope to spur more effective collaboration among foundations and with other sectors," said Sir Thomas Hughes-Hallett, Co-founder and Chair of the Marshall Institute. The London School of Economics and Political Science recently announced the creation of The Marshall Institute for Philanthropy and Social Entrepreneurship. Created with the assistance of a £30 million donation from Paul Marshall, the Institute’s aim is to improve the impact and effectiveness of private contributions to the public good.
"We’re excited to be one of the first collaborators of the Marshall Institute and share its commitment to innovation in the social sector," said Melissa A. Berman, President of Rockefeller Philanthropy Advisors. "LSE’s deep resources, expertise and knowledge about economic development and social change offer great insights to how foundations can achieve impact."
RPA launched the Theory of the Foundation initiative with a goal of enhancing the capacity of foundations to align resources for effectiveness and to extend the field of knowledge about foundations as institutions. This work involves the development of concepts, frameworks and tools for foundation leaders. In the first phase of the initiative, 18 foundations, including three from Europe, supported the work and played an active role in developing areas of focus. RPA produced three reports for funders and other partners in 2014, and held symposia in New York, California, and at the European Foundation Centre’s annual conference in Milan.
RPA and the Marshall Institute will collaborate on how the concepts of the Theory of the Foundation initiative can be adapted to create useful tools and discussion for European philanthropy.
“Philanthropy in Europe is in a period of significant growth, diversity and effectiveness,” said Kevin P.A. Broderick, Chair of the Board of Rockefeller Philanthropy Advisors. “Becoming part of this community of practice is an important way for us to achieve our mission in philanthropy."
RPA and LSE will be engaging a project officer, to be based at the Marshall Institute, as part of the Theory of the Foundation initiative.
About Rockefeller Philanthropy Advisors
Rockefeller Philanthropy Advisors (RPA) is a nonprofit organization that currently advises on and manages more than $200 million in annual giving by individuals, families, corporations, and major foundations. Continuing the Rockefeller family's legacy of thoughtful, effective philanthropy, RPA remains at the forefront of philanthropic growth and innovation, with a diverse team led by experienced grantmakers with significant depth of knowledge across the spectrum of issue areas. Founded in 2002, RPA has grown into one of the world's largest philanthropic service organizations and, as a whole, has facilitated more than $3 billion in grantmaking to nearly 70 countries. For more information, please visit http://www.rockpa.org.
About the Marshall Institute for Philanthropy and Social Entrepreneurship
The Marshall Institute for Philanthropy and Social Entrepreneurship at the London School of Economic and Political Science aims is to improve the impact and effectiveness of private contributions to the public good. The Marshall Institute's activities will focus on four core areas: Learning, Community, Research and Stewardship. The Marshall Institute will inform and coordinate the efforts of private citizens, researchers, public and private sector organizations and social entrepreneurs who are working to tackle the world’s most pressing challenges. It will equip the foremost figures in the field, and the leaders of the future, with the knowledge they need to put philanthropic funding and social endeavour to best use. The Marshall Institute will draw upon the exceptional global reach, expertise and resources of LSE and build collaborative partnerships with other higher education institutions, influential policy makers and practitioners operating at the frontier of change. http://www.lse.ac.uk/MarshallInstitute/home.aspx