The Foundation: A Great American Secret; How Private Wealth is Changing the World - Softcover

Fleishman, Joel L.

Softcover

ISBN 10: 1586487027 ISBN 13: 9781586487027

Publisher: PublicAffairs, 2009

Synopsis

Paperback. Pub Date: 09 2009 Pages: 464 Publisher: Public Affairs how private wealth is changing the world In 2004 one sector of the U.S. economy gave away 32.2 billion dollars almost 10 per cent of their GDP largely because it had to. Neither from government nor corporations. the money came from America's unique third sector. its private foundations. which are mandated by law to spend a minimum of 5 per cent of their assets each year. Although there are more than 66.000 of such foundations . most of them are family foundations that donate to a variety of charities. But the largest 25 control 25 per cent of the total assets. and they seek to have major social impact on society. 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 just over 10 per cent of the public knows ...

About this title

About the Author:

Joel L. Fleishman is a professor of law and public policy; director of the Samuel and Ronnie Heyman Center for Ethics, Public Policy and the Professions; and director of the Center for Strategic Philanthropy and Civil Society at Duke University. From 1993 to 2001, Fleishman took a part-time leave from Duke University to serve as president of the Atlantic Philanthropic Service Company, the U.S. Program Staff of Atlantic Philanthropies. Fleishman also serves as a director of Ralph Lauren Corporation.

About this edition

• Publisher: PublicAffairs
• Publication date: 2009
• ISBN 10: 1586487027
• ISBN 13: 9781586487027
• Binding: Paperback
• Number of pages: 464