Includes bibliographical references and index.; Section I: Philanthropy and the economy. Introduction to the issues -- Measuring the economic importance of non profits: what happens when methods change -- Size counts in the foundation world: the dilemma of absorptive capacity -- What you know or whom you know? Relationships matter -- Foundation endowments: How big? How vulnerable? -- Does philanthropy interfere with markets? -- Venture philanthropy: two sides to the coin -- Wages in the non profit sector: poor cousin or twin sister? -- Diversity and governance: the not good news -- Minority philanthropy: the future has arrived -- Will there be a non-profit shakeout? Comparing non profits to small business trends -- The growing demand for philanthropic accountability: will there be room for risk? -- Managing through the market: responding to severe economic cycles -- The philanthropic instinct: government walks the talk -- Does Wall Street matter? The unknowns about elasticities -- Section II: Ethics and accountability. Introduction to the issues -- How shall we govern ourselves? -- The mission meets the numbers: is it ok to lie? -- A privilege and an obligation: why stewardship matters and competition is a good thing -- Are organizational hybrids non profits? The problem of fairness -- Have we learned nothing? Practical applications of lessons from corporate scandal -- Great expectations collide: the consequences of assumptions -- Section III: New non profit management dilemmas. Introduction to the issues -- Organizational benchmarking: management solution or performance petard? -- The illusion of knowing something: the diversity of "non profit" definitions -- Philanthropy and the non profit budget cycle: no silver bullet -- State budget deficits: why red ink today will plague management tomorrow -- Drilling down: deeper revenue sources for non profits -- Non profit compensation: charitable managers and their tax exempt colleagues.;