Private wealth and public life: Foundation philanthropy and the reshaping of American social policy from the progressive era to the new deal

This article compares philanthropic practices in the U.S. and China through case studies. It examines how differences in governance, regulation, and civic culture shape philanthropic goals, operations, and social development outcomes. The authors emphasize learning across contexts and the potential of philanthropy in driving inclusive development. The study highlights the nuanced interplay of cultural and regulatory environments on philanthropic effectiveness and suggests avenues for cross-national collaboration to achieve broader social impact.