An inside look at the secretive world of elite philanthropists—and how they're quietly wielding ever more power to shape American life in ways both good and bad. While media attention focuses on famous philanthropists such as Bill Gates and Charles Koch, thousands of donors are at work below the radar promoting a wide range of causes. David Callahan charts the rise of these new power players and the ways they are converting the fortunes of a second Gilded Age into influence. He shows how this elite works behind the scenes on education, the environment, science, LGBT rights, and many other issues—with deep impact on government policy. Above all, he shows that the influence of the Givers is only just beginning, as new waves of billionaires like Mark Zuckerberg turn to philanthropy. Based on extensive research and interviews with countless donors and policy experts, this is not a brief for or against the Givers, but a fascinating investigation of a power shift in American society that has implications for us all.

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.

Unique in all the world, the American foundation sector has been an engine of social change for more than a century. In this companion volume to The Foundation: A Great American Secret, Joel Fleishman, Scott Kohler, and Steven Schindler explore 100 of the highest-achieving foundation initiatives of all time. Based on a rich array of sources -- from interviews with the principals themselves to contemporaneous news accounts to internal evaluation reports -- this volume presents brief case studies of foundation success stories across virtually every field of human endeavor. The influence of the foundations on American, and indeed global society, has only occasionally come into the public view. For every well-known foundation achievement -- Andrew Carnegie's massive library building program or the Robert Wood Johnson Foundation's public efforts to curb tobacco use -- there are a great many lesser-known, but often equally important stories to be told. The cases in this volume provide a wealth of evidentiary support for Joel Fleishman's description of, and recommendations for, the foundation sector. With lessons for grant-makers, grant-seekers, public officials, and public-spirited individuals alike, this casebook pieces together 100 stories, some well known, others never before told, and offers hard proof of the foundation sector's immense and enduring impact on scientific research, education, public policy, and many other fields. The work that foundations have supported over the past century has achieved profound results. Yet foundations are capable of more and better. This volume, a window onto great successes of the past and present, is at once a look back, a look around, and a point of reference as we turn to the future.

The hidden role of philanthropy in enriching America's prosperity—and the world's Philanthropy has long been a distinctive feature of American culture, but its crucial role in the economic well-being of the nation—and the world—has remained largely unexplored. Why Philanthropy Matters takes an in-depth look at philanthropy as an underappreciated force in capitalism, measures its critical influence on the free-market system, and demonstrates how American philanthropy could serve as a model for the productive reinvestment of wealth in other countries. Factoring in philanthropic cycles that help balance the economy, Zoltan Acs offers a richer picture of capitalism, and a more accurate backdrop for considering policies that would promote the capitalist system for the good of all. Examining the dynamics of American-style capitalism since the eighteenth century, Acs argues that philanthropy achieves three critical outcomes. It deals with the question of what to do with wealth—keep it, tax it, or give it away. It complements government in creating public goods. And, by focusing on education, science, and medicine, philanthropy has a positive effect on economic growth and productivity. Acs describes how individuals such as Benjamin Franklin, Andrew Carnegie, Bill Gates, and Oprah Winfrey have used their wealth to establish institutions and promote knowledge, and Acs shows how philanthropy has given an edge to capitalism by promoting vital forces—like university research—necessary for technological innovation, economic equality, and economic security. Philanthropy also serves as a guide for countries with less flexible capitalist institutions, and Acs makes the case for a larger, global philanthropic culture. Providing a new perspective on the development of capitalism, Why Philanthropy Matters highlights philanthropy's critical links to the economic progress, health, and future of the United States—and beyond.