America's grantmaking foundations have grown rapidly over the course of recent decades, even in the face of financial and economic crises. They now number over 75,000, and as of 2009, they held over $583 billion in assets. Foundations have a great deal of freedom, enjoy widespread legitimacy, and wield considerable influence. In this book, David Hammack and Helmut Anheier follow up their edited volume American Foundations with a comprehensive account of what American foundations have done with that independence and power. What exactly have been the contributions of philanthropic foundations to American society, and what might the future hold for them?Philanthropic foundations exist around the world, but the U.S. sector stands out. In no other modern society are foundations more numerous; nowhere are they so prominent ?or so autonomous or so widely accepted as a private actor for public benefit. Yet while America's foundations themselves have not necessarily changed a tremendous amount...

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