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  The Foundation: A Great American Secret; How Private Wealth is Changing the World (Hardcover)
  The Foundation Cover
 
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Description Editorial Reviews About the Authors
 
Foundations are a peculiarly American institution. They have been the dynamo of social change since their invention at the beginning of the last century. Yet they are cloaked in secrecy- their decision-making and operations are inscrutable to the point of obscurity-leaving them substantially unaccountable to anyone.

Joel Fleishman has been in and around foundations for almost half a century...running them, sitting on their boards, and seeking grants from them. And in this groundbreaking book he explains the history of foundations, tells the stories of the most successful foundation initiatives-and of those that have failed-and explains why it matters.

The baby boomer generation is going to participate in the largest transfer of wealth in history when it passes on its assets to its successor generation. The third sector is about to become more powerful than ever. This book shows how foundations can provide a vital spur to the engine of the American, and the world's, economy-if they are properly established and run.
 
Features

Hardcover:
  341 pages

Carton Size:  20 books

Publisher:  PublicAffairs (January 9, 2007)

Language:  English

ISBN-10:
1586484117

ISBN-13:
978-1586484118

Product Dimensions:
9 x 6.4 x 1.1 inches

Shipping Weight:
1.4 pounds


 

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Average Customer Review: Based on 3 Reviews. Write a review.

  6 of 6 people found the following review helpful:
 
Examining a Big but Little Known Area August 23, 2007
Reviewer: John Matlock "Gunny" from Winnemucca, NV  
Foundations are a subset of Non-Profit organizations that have become surprisingly big busines in the United States. Somewhere around 1/7th of the business in the country is conducted by these organizations. Somewhere around 1/9th of the workforce is employed by one. They have become an integral part of the American economy.

In this book Mr. Fleishman looks at Foundations (a number of which he has been associated as employee, trustee or some other capacity). He examines what makes a foundation successful, and how some have failed. He offers insight and advice on how to make a foundation more successful, and at the same time how foundations should have an obligation to become more accountable since they received special tax considerations from the Government. He suggests that this accountability should be done by the foundations voluntarily. However, Mr. Fleishman is an attorney and believes that if voluntary response is not forthcoming then new legal requirements should be placed upon them to require more openness.

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  17 of 17 people found the following review helpful:
 
For people who want to make a difference. August 23, 2007
Reviewer: D. Stuart "Researcher at Kudos" from Auckland NZ  
Joel Fleishman's book lays an excellent bedrock of history underneath its discussion of philanthropy as a great element of American tradition. We live in days of some staggering examples - from Warren Buffet's living bequest of billions, to the fine work of Bill and Melinda Gates - and many others. But rather than see this as some product of the new millennium - Fleishman shows how the new avatars of corporate generosity are following a fine tradition. More than this, the author shows that certain gifting strategies have been leveraged for huge social benefit. For those who are thinking - at whatever scale - of giving to support a cause, this book sets out the strategies that have produced most benefit. This is an excellent, thoughtful piece of work on a topic that currently has wide currency. Well worth reading.

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  1 of 1 people found the following review helpful:
 
Fleishman promotes transparency and accountability August 23, 2007
Reviewer: Jessica Bingham Dean  
Joel Fleishman’s book gives excellent insight into issues of transparency and lack of accountability of foundations by providing sector background as well as solutions to many problems that foundations face. Through elegantly illustrated examples of the social sector that range from early Carnegie support to the Bill and Melinda Gates Foundation, Fleishman’s book gives the history of the sector along with glimpses into the inter-workings of the private and public faces of the foundation world. Fleishman appropriately highlights the importance of recognizing failure and the publicity of failure in the important task of bringing about transparency and helping others learn from mistakes. This in-depth look into foundations is valuable to individuals with beginning knowledge of foundations, as well as for individuals who evaluate and run those foundations. Fleishman’s book is a suggested read to any individual that wishes to look beyond the surface of this ever growing world of philanthropy.

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