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Versatile American Institution - The Changing Ideals and Realities of Philanthropic Foundations (Paperback)
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Versatile American Institution - The Changing Ideals and Realities of Philanthropic Foundations (Paperback)
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America's grantmaking foundations have grown rapidly over the
course of recent decades, even in the face of financial and
economic crises. Foundations have a great deal of freedom, enjoy
widespread legitimacy, and wield considerable influence. In this
book, David Hammack and Helmut Anheier follow up their edited
volume, American Foundations, with a comprehensive historical
account of what American foundations have done with that
independence and power. While philanthropic foundations play
important roles in other parts of the world, the U.S. sector stands
out as exceptional. Nowhere else are they so numerous, prominent,
or autonomous. What have been the main contributions of
philanthropic foundations to American society? And what might the
future hold for them? A Versatile American Institution considers
foundations in a new way. Previous accounts typically focused
narrowly on their organization, donors, and leaders, and their
intentions - but not on the outcome of philanthropy. Rather than
looking at foundations in a vacuum, Hammack and Anheier consider
their roles and contributions in the context of their times and
their economic and political circumstances.
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