Transfer of power in philanthropy? Keep waiting...
Next generation leaders are waiting - and waiting, and waiting - as baby boomers retain their positional power within philanthropy.
According to a recently released report, Trading Power, produced in partnership with the Council on Foundations, Andrea and Charles Bronfman Philanthropies' 21/64, Emerging Practitioners in Philanthropy and Resource Generation, "this is the first time in history that society is experiencing a delay in leadership transition, as people live longer and retire later." Resulting from environmental factors too well experienced in the sector from the economic recession, retirement plans have been delayed. This has impacted longer stays in leadership positions with many seasoned leaders turning to "leadership expansion," rather than "leadership transfer," in attempts to share -rather than retire - leadership duties. Interested in knowing more? Check out the report and let us know how this trend has impacted your work.
