<description>The 501(c)(3) model is critically dependent upon a capital market that is philanthropic rather than commercial in character, highly circumscribed in its operation, and in which investment decisions are not informed by the ‘rational self-interest’ of neo-classical economics.</description>

Current Issues in International Cultural Policy

Teachers College, Columbia University

Philanthropy, cultural markets, the 501(c)(3) form of organization and its alternatives

JUN 29, 2010-1 MIN
Current Issues in International Cultural Policy

Philanthropy, cultural markets, the 501(c)(3) form of organization and its alternatives

JUN 29, 2010-1 MIN

Description

The 501(c)(3) model is critically dependent upon a capital market that is philanthropic rather than commercial in character, highly circumscribed in its operation, and in which investment decisions are not informed by the ‘rational self-interest’ of neo-classical economics.