Philanthropic foundations: What rationales?

Anheier and Leat examine the rationale behind philanthropic foundations. They argue that while foundations are often justified by independence, innovation potential, and long-term orientation, these rationales are not always well-articulated or empirically supported. The article explores normative and functional perspectives on foundations, raising critical questions about legitimacy, accountability, and systemic impact. It proposes a framework for evaluating foundations' roles in modern societies, promoting a deeper understanding of their purpose and societal contributions.