By David C. Hammack,Helmut K. Anheier

America's grantmaking foundations have grown swiftly over the process contemporary a long time, even within the face of economic and monetary crises. Foundations have loads of freedom, take pleasure in common legitimacy, and wield huge effect. during this publication, David Hammack and Helmut Anheier stick with 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 elements of the realm, the U.S. area sticks out as unprecedented. Nowhere else are they so a number of, admired, or self sufficient. What were the most contributions of philanthropic foundations to American society? And what may perhaps the long run carry for them?

A flexible American Institution considers foundations in a brand new manner. past bills as a rule centred narrowly on their association, donors, and leaders, and their intentions—but now not at the consequence of philanthropy. instead of foundations in a vacuum, Hammack and Anheier ponder their roles and contributions within the context in their occasions and their monetary and political circumstances.

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