TY  - CHAP
AB  - Purpose – Grant-giving foundation leaders are increasingly concerned with understanding the primary role their institutions are pressured to play in financing the growing nonprofit sectors. The main objective of the chapter is to determine whether effective governance plays a major role in driving foundations’ innovation and value-creation processes.Methodology – Building on the idea that foundations should act as financial partners, managerial experts, and innovator facilitators who deal with the projects proposed by nonprofit organizations, this chapter uses a survey and the annual reports of Italian grant-giving foundations to isolate their records in term of governance, innovation attitude, and performance.Findings – The results of this chapter contribute to improving understanding of the drivers that help foundations to improve the sophistication level of the grant-giving process. In particular, the analysis of governance provides relevant insights about the path foundations follow to incorporate selected tailored methods and practices from the “for profit” competitive arena to improve foundations’ output and nonprofit grantees’ outcomes.Social implication – Many academics, political leaders, and practitioners expect foundations to play the unique dual role of merchant bank and venture capitalist to foster the positive impact of nonprofit organizations on societies and people. The findings of this chapter facilitate this process.Originality/value of the chapter – The main contribution of this study lies in proposing and testing a theoretical framework that foundations can implement to disseminate liquidity and managerial expertise efficiently among selected grantees and to improve grantees’ social outcome.
VL  - 1
SN  - 978-1-78190-657-6, 978-1-78190-658-3/2051-6630
DO  - 10.1108/S2051-6630(2013)0000001010
UR  - https://doi.org/10.1108/S2051-6630(2013)0000001010
AU  - Boesso Giacomo
AU  - Hinna Alessandro
AU  - Monteduro Fabio
ED  - Luca Gnan
ED  - Alessandro Hinna
ED  - Fabio Monteduro
PY  - 2013
Y1  - 2013/01/01
TI  - Governance and Value Creation in Grant-Giving Foundations
T2  - Conceptualizing and Researching Governance in Public and Non-Profit Organizations
T3  - Studies in Public and Non-Profit Governance
PB  - Emerald Group Publishing Limited
SP  - 151
EP  - 178
Y2  - 2024/04/25
ER  -