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We will examine selected issues that today's high net worth philanthropists are grappling with. After a brief introduction to strategic, or outcome-oriented philanthropy, we will consider issues including: tensions between philanthropy and democracy; alternative ways of serving marginalized communities; policy advocacy; dealing with uncertainty and long time horizons in philanthropy, including how they are handled in the Effective Altruism movement; whether foundations and donor advised funds should exist in perpetuity or should be required to spend down; the role of intermediary organizations that either advise donors on where to give or regrant their funds in sectors such as climate and poverty; trust-based and participatory philanthropy; the lessons that can and shouldn't be learned from the for-profit business sector in the practice of effective philanthropy; impact and ESG investing. Students will be graded pass/fail, based on contributions to class discussion and the submission of three papers commenting on the assigned readings.