Social and Behavioral Sciences Commons^™

Assessing And Advancing Foundation Transparency: Corporate Foundations As A Case Study, Marta Rey-Garcia, Javier Martin-Cavanna, Luis Ignacio Alvarez-Gonzalez

The Foundation Review

· This article explores the mix of forces explaining variability in good-governance standards and practices by charitable foundations.

· A six-drivers framework for explaining improved foundation accountability and transparency is proposed and discussed in the context of a country study. Those drivers are: regulatory pressures, self-regulation, demands for information from donors and other relevant stakeholders, societal pressure derived from scandals, emulation, and third-party assessment.

· A simple tool for assessing foundation transparency internationally is proposed and then applied to corporate, endowed, and fundraising foundations in the U.S. and Spain.

· Foundations’ financial structure compounds with institutional factors to influence the …