In The Practice of Philanthropy: A Guide for Foundation Boards and Staff (Barlow Publishing, 2024), author Malcolm Macleod addresses the unique challenges of running a foundation, offering practical insights and wisdom from his years of experience in the field. The book explores key elements necessary for creating meaningful impact, including building strong relationships with non-profits, maximizing the potential of a governing board, and effectively managing an endowment. Macleod skillfully weaves in powerful stories of impact, serving as a reminder of the importance of this work, making the book a comprehensive resource for foundation leaders seeking to elevate their influence.

This essential guide not only presents the core principles of grant-making but also provides practical strategies for applying them to create more effective grants. Readers of The Practice of Philanthropy will learn how to master the practice of philanthropy, from recruiting and engaging an exceptional board to achieving superior investment returns and making impactful grants. Additionally, the book offers an insider’s view of how foundations operate and provides actionable advice on running them in a way that maximizes the influence and effectiveness of the grants they distribute.

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