On March 10th, “Dialogue with Lester M. Salamon - Joint Exploration of Philanthropic “New Frontier” Salon jointly held by Social Sciences Academic Press, CGPI, and Institute for Philanthropy Tsinghua University (IPTU) was held in School of Public Policy and Management, Tsinghua University. The Chinese edition of Prof. Salamon's new book New Frontiers of Philanthropy: A Guide to the New Tools and New Actors That are Reshaping Global Philanthropy and Social Investingintroduced by CGPI and published by Social Sciences Academic Press was officially released at the Salon. The salon focuses on the book and the “new frontier” of philanthropy, aiming to guide the audience to pay attention to the social changes in philanthropy, focus on the potential of foundations, government departments, private investment managers and others in social investment and priority finance for social purposes. It also provided a truly cutting-edge research perspective for addressing global issues such as poverty, disease and environment.
Fu Changbo (Assistant President of CGPI, Professor and PHD Supervisor with School of Sociology, Beijing Normal University), Jia Xijin (Associate Professor with School of Public Policy and Management, Tsinghua University and Deputy President of IPTU), and Li Beiwei (Secretary General of Yifang Foundation, Chairman of Zhenyu Education Foundation, and Supervisor of Beijing Normal University Education Foundation) participated in the activity as guests to have a discussion of Lester M. Salamon, a well-known expert in NGO and Professor with Johns Hopkins University. The salon was hosted by Lan Yuxin, Assistant Professor with School of Public Policy and Management, Tsinghua University and Assistant to President of IPTU.
Wang Zhenyao, President of CGPI and CPRI, said in his speech that CGPI has been promoting social value to lead economic value. Now this era has arrived, but we need to prove whether social value can lead economic value and how to lead economic value from theory and practice. Mr. Salamon's research leads the development of philanthropy around the world. He linked social values with economic values, and philanthropy with various innovations in public welfare, social services, social enterprises and so on, and such changes in structure are likely to produce new forms of civilization. As Caesar once said to Cicero, "Your expansion in knowledge is far beyond my expansion of the Roman Empire." The enormous social innovation capability generated by expansion of knowledge can encourage people to explore the subtlest places and travel to space as well.
In his speech, Professor Fu Changbo talked about the new stage of modern social governance and philanthropy development from the Ford Foundation's letter to global partners, focusing on the main background and original intention of CGPI’s translation and introduction of New Frontiers of Philanthropy, and expressed gratitude to the efforts of Prof. Salamon, CGPI colleagues who participated in the translation of the book, and Social Sciences Academic Press team.
Then Professor Salamon had shared his opinion themed New Frontiers of Philanthropy: The Progress of Global Philanthropy and Social Investment.Following his early research on the third sector operation and economic contribution in more than 40 countries around the world, Professor Salamon introduced the development of philanthropy in the world, why it developes in this way, how we should understand this development, difficulties in such development, and how we should act in the future. He also had dialogues with Professor Fu Changbo, Professor Jia Xijin, and Secretary-General Li Beiwei on the latest developments and trends of global social value investment as well as global philanthropy.
Professor Fu Changbo introduced the gradual disappearance of barriers between for-profit sector, non-profit sector and the government, and the involvement and development of commercial power and business orientation in philanthropy efforts and activities. Professor Jia Xijin talked about more diversified approaches to achieving non-profit goals through private resources, raising people’s cross-border concerns between non-profit organizations and for-profit organizations. He also expressed expectation of the new role and new development of philanthropy in future society. Secretary-General Li Beiwei noticed the operation capital source of social organization and the structural interpretation whether it should be profitable in New Frontiers of Philanthropy. He gave feedback to the book on the development of philanthropy in China and the status and function of China in global philanthropy; and actively communicated with Professor Salamon about the contemporary development of philanthropy in China and the possibility of China in global philanthropy.
At the interactive session of the salon, audience and media from Tsinghua University, Peking University, Renmin University of China, Chinese Academy of Social Sciences and social foundations had active communication and discussion with guests on the risks in philanthropic finance, the internal driving force and mechanism behind the new practices and new influencing factors in philanthropy, the development of grassroots philanthropy in China and so on.
A new revolution is taking place in philanthropy of countries around the world, and private investment entering philanthropy has become a trend. For the new frontier idea of philanthropy and the current development of philanthropy industry, Professor Salamon had a heated discussion with CGPI President Wang Zhenyao as well as GPL and EMP students at the CGPI “New Frontiers of Philanthropy: Changes in Global Philanthropy and Social Investing” Forum on the afternoon.
In the “philanthropic economic” era when social values leads economic value, the changes in philanthropy and social investment continue to expand the traditional philanthropic space. How to recognize the new actors and new tools emerging in the new frontier of philanthropy and explore a new path for business iteration and sustainability to further lead wealth to philanthropy and embrace the commercial civilization in new era has become a heated topic of concern for new business education. As an advocator of empirical research in the US non-profit sector and Honorary Chairman of Community Foundation of the Chesapeake, Professor Salamon insightfully felt this change in philanthropy, and guided the direction of the "new frontier" for the audience, the media, and future readers.