The Foundation

The Foundation

A Great American Secret : How Private Wealth Is Changing the World

Book - 2007
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Foundations are a peculiarly American institution. They have been the dynamo of social change since their invention at the beginning of the last century. Yet they are cloaked in secrecy-- their decision-making and operations are inscrutable to the point of obscurity-leaving them substantially unaccountable to anyone. Joel Fleishman has been in and around foundations for almost half a century...running them, sitting on their boards, and seeking grants from them. And in this groundbreaking book he explains the history of foundations, tells the stories of the most successful foundation initiatives--and of those that have failed--and explains why it matters. The baby boomer generation is going to participate in the largest transfer of wealth in history when it passes on its assets to its successor generation. The third sector is about to become more powerful than ever. This book shows how foundations can provide a vital spur to the engine of the American,and the world's, economy--if they are properly established and run.
Publisher: New York : PublicAffairs, c2007
Edition: 1st ed
ISBN: 9781586484118
Branch Call Number: 361.7632 FLEISHMAN
Characteristics: xxiv, 357 p. ; 25 cm

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Nov 23, 2013

Golly! How do you say, complete propaganda? Far better to slowly read, then re-read and become immersed in Rep. Wright Patman's epochal congressional study on how the super-rich hide their wealth and ownership within foundations and trusts, published around 1968. With all these "foundations" disbursing their largesse, we should all be living in paradise on Earth. But of course, that's not the case, juas as this author's stories in this supposedly non-fiction book are also not the case! We've been through this bunkem before, when the Rockefellers' exerted pressure to have their lackey, Peter G. Peterson, appointed to the Commission on Foundations (known as the Peterson Foundation) where he thereupon circumvented the suggestions and changes mentioned in Rep. Patman's study.


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