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The Foundation - Its Place in American Life (Paperback)
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The Foundation - Its Place in American Life (Paperback)
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As president of the Carnegie Corporation from 1922 to 1941,
Frederick Keppel became a widely respected interpreter of
philanthropic foundations. First published in 1930, The Foundation
became one of his best-known works. As a brief, straightforward,
and candid discussion of foundations and their activities, the
volume was rightly praised.The book begins with a review of the
history of foundations and then goes on to explain the then-current
organization of the Rockefeller Foundation, the Carnegie
Corporation, the Julius Rosenwald Fund, and a number of other
trusts. It sets forth the purposes and procedures of different
types of foundations - community foundations like the New York
Community Trust as well as grantmaking foundations like the
Commonwealth Fund. Comparing foundations to universities, the book
argues that the most essential common purpose of the foundation is
the furtherance of learning, culture, and research. It also calls
on foundation executives to "practice... the art of being
well-informed" and urges that informal advisory boards be relied on
to provide specialized expertise.At the time Keppel became
president of the Carnegie Corporation, the foundation was still a
relatively new type of philanthropic organization. It is likely
that Keppel had a significant impact on public attitudes toward
these new kinds of organizations. His administrative style and his
effort to find the money necessary to assist as many seekers as
possible almost certainly helped remove the distance, mystery, and,
in some quarters, the hostility that had surrounded foundations. He
believed that foundations were accountable to the public, and he
sought constructive criticism. Keppel's calls for openness and his
service orientation undoubtedly helped define professional
foundation practice. He understood what had to be accomplished if
foundations were to gain an established place in American society
and importantly contributed to the processes through which that was
achieved. The Foundation helps us understand how and why he did
what he did.
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