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...