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A Great American Secret; How Private Wealth is Changing the World
PublicAffairs
January 2007
On Sale: January 9, 2007
341 pages ISBN: 1586484117 EAN: 9781586484118 Hardcover
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Non-Fiction
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.
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