By David C. Hammack,Helmut K. Anheier

America's grantmaking foundations have grown swiftly over the process fresh many years, even within the face of economic and monetary crises. Foundations have loads of freedom, take pleasure in frequent legitimacy, and wield significant impression. during this booklet, David Hammack and Helmut Anheier stick to up their edited quantity, American Foundations, with a accomplished historic account of what American foundations have performed with that independence and power.

While philanthropic foundations play vital roles in different components of the area, the U.S. zone sticks out as extraordinary. Nowhere else are they so a variety of, sought after, or independent. What were the most contributions of philanthropic foundations to American society? And what may well the longer term carry for them?

A flexible American Institution considers foundations in a brand new method. past bills normally targeted narrowly on their association, donors, and leaders, and their intentions—but now not at the final result of philanthropy. instead of taking a look at foundations in a vacuum, Hammack and Anheier ponder their roles and contributions within the context in their instances and their financial and political circumstances.

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