Katherine Fulton - Katherine Fulton is a partner of the Monitor Group and president of the Monitor Institute, the vehicle through which the Group applies its knowledge, expertise, skill and capital to complex social problem solving (www.monitorinstitute.com). Katherine’s career path has been shaped by two passionate interests: the use of private resources for public purposes, and the connection between leadership and learning. She has explored these themes through leadership positions in organizational consulting and journalism, and through teaching and volunteer service. Prior to moving to the Monitor Institute, Katherine was the co-head of the consulting practice at another Monitor company, Global Business Network. During much of the past decade at GBN, she helped organizations in more than 12 industries manage more skillfully through increasing uncertainty. In recent years, her consulting practice increasingly focused on the future of philanthropy and non-profits, and she has given more than three dozen major speeches on the subject. She is the co-author of two publications on philanthropy published in 2005, Looking Out for the Future: An Orientation for Twenty-First Century Philanthropists and On the Brink of New Promise: The Future of U.S. Community Foundations. She also co-authored the 2004 publication, What If? The Art of Scenario Thinking for Nonprofits. Her efforts have won her both a Nieman Fellowship at Harvard University and a Lyndhurst Foundation prize for community service, and her innovative course design at Duke University was featured in Time magazine. She is a Phi Beta Kappa graduate of Harvard College, where she was also the captain of the women’s basketball team.
The landscape of both giving and the creation of new wealth has changed dramatically in only 10 years. Katherine Fulton, president of the Monitor Institute, insightfully explains that we are entering a new era in philanthropy with prospects of tremendous social progress if the rapid pace of philanthropic change continues for the next 10 years.
Venture philanthropy and social entrepreneurship are a way station, not a destination. Social capital, new roles of government and civic participation, and even for-profit players will combine in new ways to promote social change on a huge scale. Everyone is a changemaker, as Bill Drayton has characterized this future of civic engagement.
Would the civil rights movement have been funded by today's new philanthropies or venture funds? Fulton reminds us what risk taking, empathy, stamina, and humility it would take to support that chaotic-looking early movement. But they succeeded in changing the world -- the very heart of philanthropy's purpose.
The sectors will be resorted. Not only will the role of government change, but the future will bring combinations of actors and solutions, including for-profit, nonprofit, public, and private. This collaborative approach will require the big foundations on board to spread support across the entire picture rather than just myopically pushing direct services. Will these largest players in the world of philanthropy be wise enough to open their vision to these new possibilities?
"This energy rejects the status quo -- it insists that we can and we must do better." We are seeing the beginnings today of the movement of philanthropy away from closed, small, risk-averse, slow, and fragmented, to open, big, fast, connected, and serving the longer view. Fulton tells us that when we are brave and wise enough to travel these new roads of philanthropic opportunity, we can find hope in surprising places.