ORIGINAL PAPER Funding Allocations in Israel: An Empirical Assessment of the New Philanthropy Approach Rita Mano Published online: 19 August 2014 Ó International Society for Third-Sector Research and The Johns Hopkins University 2014 Abstract In the present study, we examine the determinants associated with variations in the level of funding allocations among 112 grant-making philanthropic institutions in Israel. Drawing upon the hypotheses developed in Creative Philan- thropy and the New Philanthropy approaches, we test the extent that social, eco- nomic, and organizational performance affects the level of funding allocations. Evidence indicates that (a) the level of resources raises the level of funding allo- cations to economic performance but not social performance; (b) a higher number of institutional stakeholders from the public sector, local authorities, and private organizations, eligible for support, raises the level of funding allocations to social performance; and (c) a higher number of volunteers in the workforce increases economic performance. The results assess assumptions promoted in the New Phi- lanthropy approach, suggesting that philanthropic institutions in Israel develop a clear focus on professional management and a wise rather than ‘‘romantic’’ approach to philanthropy and altruism. Re ´sume ´ Dans la pre ´sente e ´tude, nous examinons les facteurs associe ´s aux variations des niveaux de financement parmi 112 institutions philanthropiques accordant des subventions en Israe ¨l. S’appuyant sur les hypothe `ses de ´veloppe ´es dans Creative Philanthropy et l’approche de la nouvelle philanthropie, nous testons l’ampleur dont les performances sociales, e ´conomiques et organisationnelles affectent le niveau des financements. Les donne ´es indiquent que : (a) le niveau de ressources accroı ˆt l’e ´tendue des financements aux performances e ´conomiques, mais pas aux perfor- mances sociales; (b) un nombre plus e ´leve ´ d’acteurs institutionnels issus du secteur public, des autorite ´s locales et des organisations prive ´es, pouvant avoir droit a ` une aide, accroı ˆt l’e ´tendue des financements aux performances sociales; (c) un nombre plus e ´leve ´ de be ´ne ´voles dans la population active augmente les performances R. Mano (&) Department of Human Services, University of Haifa, Haifa, Israel e-mail: ritamano@research.haifa.ac.il 123 Voluntas (2015) 26:2130–2145 DOI 10.1007/s11266-014-9495-5