Reinventing philanthropy

Lenkowsky chronicles the significant transformation of philanthropy in the late 20th-century U.S., a period marked by declining government roles, increasing market influence, and evolving social expectations. He calls for reinvented philanthropic models that prioritize accountability, robust stakeholder engagement, and strategic alignment with public purpose in a new social order. The author argues that philanthropy must adapt to these changing dynamics by becoming more transparent, collaborative, and focused on systemic change rather than merely reactive grant-making. This reinvention is essential for philanthropy to remain relevant and impactful in addressing complex societal challenges.