A Versatile American Institution The Changing Ideals and Realities of Philanthropic Foundations

This book offers a comprehensive historical account of American grantmaking foundations, examining their rapid growth, independence, and influence amidst financial crises. Hammack and Anheier analyze foundations' contributions to American society by considering their roles within economic and political contexts, moving beyond donor intentions to focus on outcomes. It highlights the unique prominence of US foundations globally and discusses their accountability, legitimacy, and evolving ideals within the broader philanthropic landscape.