This is a searching analysis of some of Americas most powerful tax-exempt foundations, their actions as opposed to their stated purposes, 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...