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Foundations - Their Power and Influence (Hardcover)
Loot Price: R946
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Foundations - Their Power and Influence (Hardcover)
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This is a searching analysis of some of America's most powerful
tax-exempt foundations, their actions as opposed to their stated
purpose's, the interlocking groups of men who run them, and their
influence on the country at large. The author, as counsel to the
Reece Committee, which investigated foundations for the last
Republican Congress, gained a unique insight into the inner
workings of the various Rockefeller, Carnegie and Ford-created
giants. He also witnessed the intense and powerful opposition to
any investigation of these multi-billion-dollar public trusts. The
Reece investigation was virtually hamstrung from the start to its
early demise- which was aided and abetted by leading newspaper of
the country. "It is difficult for the public to understand," writes
Mr. Wormser, "that some of the great foundations which have done so
much for us in some fields have acted tragically against the public
interest in others, but the facts are there for the unprejudiced to
recognize." "The power of the individual foundation giant is
enormous. When there is like-mindedness among a group of these
giants, which apparently is due to the existence of a closely knit
group of professional administrators in the social science field,
the power is magnified hugely. When such foundations do good, they
justify the tax-exempt status which the people grant them. When
they do harm, it can be immense harm - there is virtually no
counter-force to oppose them."
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