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Private foundations have been the dynamo of social change since their invention at the beginning of the last century. Yet just over 10 percent of the public knows they even exist; and for those who are aware of them, as well as even those who seek grants from them, their internal workings remain a complete mystery. Joel Fleishman knows the sector like few others, and in this groundbreaking book he explains both the history of foundationswith their fledgling beginnings in the era of the robber barons seeking social respectabilitythrough to the present day. This book shows how, why foundations...

Unique in all the world, the American foundation sector has been an engine of social change for more than a century. In this companion volume to The Foundation: A Great American Secret, Joel Fleishman, Scott Kohler, and Steven Schindler explore 100 of the highest-achieving foundation initiatives of all time. Based on a rich array of sources--from interviews with the principals themselves to contemporaneous news accounts to internal evaluation reports--this volume presents brief case studies of foundation success stories across virtually every field of human endeavor. The influence of the...

During the next twenty years, as part of the largest transfer of wealth in history, more than $500 billion is expected to pour into the philanthropic sector. Some of it will come from retiring baby boomers, but even more will come from newly rich Silicon Valley billionaires. Since 2006, the appeal of "giving while living" has grown, so much so that many philanthropic donors now expect not just to give money during their lifetimes, but to create organizations or ventures-some for profit, others not for profit-whose missions are expected to be completed within the lifetime of the donors. The...

"This book is among the very best I have seen in an emerging genre of donor-education literature."-Chronicle of Philanthropy