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The Story of the Rockefeller Foundation (Paperback)
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The Story of the Rockefeller Foundation (Paperback)
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Since its original publication in 1952, Fosdick's book has been the
single most reliable treatment of one of the most important
philanthropies in the United States and indeed the world. Fosdick
served as president of the foundation for twelve years, from 1936
to 1948, when it was the largest grant-making endow-ment in the
world. As Steven Wheatley notes in his valuable new introduction,
in part The Story of the Rockefeller Foundation was intended as an
instrument of institutional self-defense. When it was written, the
foundation community was under mounting political attack from the
right, and the book was meant to help balance the Scales by
cataloging the foundation's good works. As a deliberate
self-portrait, the book conceals as much as it reveals, while in
the process it reveals a good deal about the author. Fosdick sees
politics, like bureaucracy, as perhaps an avoidable problem and not
an inevitable consequence of foundation activity. He sees
foundations as engaging in the application of scientific,
tech-nical, and organizational solutions to public problems through
a "venture cap-ital" approach to discovering how to resolve them.
Fosdick's "higher ground" approach became established philanthropic
practice far beyond the Rockefeller Foundation. Consequently, this
volume is significant as an institutional history as well as a
charter for American foundations.
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