The PtP Project is pleased to bring you a new report from Project Direct Dr. Lester Salamon from Project Director Dr. Lester Salamon highlighting new insights unveiled at a recent PtP Conference into how the PtP concept can be applied to a wide assortment of assets, including state-owned enterprises or facilities, debt swaps, proceeds from state-controlled gambling or mineral extraction enterprises, bribes, and the transformation of nonprofits or mutual societies into for-profit businesses.
This Conference, entitled “Philanthropication thru Privatization: The Take-Off Phase,” took place on November 3-4, 2016, at the Volkswagen Foundation’s Herrenhausen Palace Conference Center in Hanover, Germany, and assembled a diverse group of government, business, and civil society experts from countries as wide-ranging as China and Brazil, Pakistan and Poland, Italy and India, Spain and Tanzania to launch the take-off phase for the Philanthropication thru Privatization (PtP) Project—the new approach to building charitable assets from the proceeds of a variety of “privatization” transactions initially unveiled at a prior conference held in 2013.
Introducing this second PtP Conference, Dr. Wilhelm Krull, the Chairman of the PtP International Advisory Committee and General Secretary of the Volkswagen Foundation—itself a PtP foundation—noted that this concept, which was first introduced at an earlier 2013 Volkswagen Foundation conference, was fast becoming a global brand, setting the stage for this next phase of its development. Where the earlier conference sought to introduce the PtP concept to the many PtP foundations—many of whom were unaware of their common origins or of the potentials they hold for foundation development elsewhere—the aim of the 2016 Conference was to introduce the PtP concept to key stakeholders in the many asset classes to which the concept had, to their surprise, already been applied, and to encourage its further application in the future.
In his report on this conference, PtP Project Director Dr. Lester Salamon summarizes the reports of an extraordinary team of experts who have looked into the application of the PtP concept to five different asset classes—from state-owned enterprises to debt swaps, stolen assets, nonprofit conversions, and streams of revenue kicked up by state-controlled businesses. The result is a rich harvest of insights that could revolutionize the philanthropic landscape of the world.
Click here to download the full report as a PDF.
Click here for the complete conference agenda, links to speaker presentations, and the conference participants list.