Barry Knight and Jenny Hodgson have written an excellent framing article for the current issue of Alliance Magazine, describing the important role of grantmaking as a tool for social change. They open by saying, “Increasingly, the practice of grantmaking as a tool for bringing about social change has fallen out of favour, replaced by newer, snappier-sounding forms of philanthropy. In laying out their wares, venture philanthropy, strategic philanthropy, philanthrocapitalism and, most recently, ‘catalytic philanthropy’ have all made claims for greater effectiveness.” The full text of the article is available on the Alliance Magazine website here.