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The Foundation: A Great American Secret

Fleishman, Joel L.

PublicAffairs™, a member of the Perseus Books Group, 2007.

ISBN-13: 978-1-58648-411-8 (alk. paper)
ISBN-10: 1-58648-411-7 (alk. paper)

Foundations are a peculiarly American institution. They have been the dynamo of social change since 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.
 Joel Fleishman has been in and around foundations for almost half a century, running them, sitting on their boards, and seeking grants from them. In this groundbreaking book, he explains the history of foundations and focuses on some of the most successful foundation initiatives and on how some foundations have failed in their mission. 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. Much of that wealth will end up in foundations. The third sector of the American economy - the unique sector that is neither public nor private for-profit – is about to become more powerful than ever.



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