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Mention foundations to
anyone, and you'll probably
get a blank stare. But
ask the same person to name a social
problem she'd like solved or a cause she
cares about, and the odds are that some
foundation is already deeply involved.
What do the Environmental Protection
Act, Sesame Street, the International
Criminal Court, Human Rights Watch,
TIAA/CREF, National Public Radio, and
the Pell Grants for higher education all
have in common? The surprising answer:
foundations had a large, often decisive,
hand in creating each one.
The lack of public familiarity with
this group of institutions that controls
assets approaching half a trillion dollars
is startling enough. More troubling is the
fact that, as a result of this ignorance, few
Americans recognize foundations as
among our primary engines of social
change.
Today the tide of criticism of foundations
has been rising, focused on problems
ranging from political bias to
exorbitant pay for staff members. The
foundations are ill-prepared to defend
themselves. Thus, the lack of accountability
that foundations enjoy is a two-edged
sword. It allows them to wield their enormous power with few constraints, but it
also undermines their credibility in the
court of public opinion. Even as the influence
of the foundations grows, there are
no clear answers to the increasingly
urgent questions: For whom do they
speak? And for whom do they act? |
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HARDCOVERISBN 978-1-58648-411-8 Pub date: 01/08/07 Price: $27.95/33.50 Canada 6 1/8 x 9 1/4 384 pages Carton Quantity: 20 Current Events, Economics Rights: PAPERBACK ISBN 978-158648-702-7 Pub date: 09/08/09 Price: $18.95/24.00 Canada 5 1/2 x 8 1/4 464 pages Carton Quantity: 32 Business, Economics Selling Territory: W Pub history: 978-158648-411-8 |
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