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In a readable, coherent, and succinct account, Kiger surveys the changes that have taken place in U.S. foundations in the 20th century and describes our foundations as they exist today. Opening with historical information on the emergence of large foundations at the beginning of the century, the book discusses the major characteristics of foundations, emphasizing that they are organized to give away rather than make money, and identifies and discusses the major changes since 1950.

In considering those changes, the book considers such topics as growth and expansion, diversification in...