Philanthropy and Its Enemies
Private giving must be shielded from the intrusions of government.
14 January 2011
Generosity Unbound: How American Philanthropy Can Strengthen the Economy and Expand the Middle Class, by Claire Gaudiani (Broadway, 280 pp., $15)
The past decade has been a disquieting one for private philanthropic foundations in the United States. Not in a pecuniary sense: while foundation endowments were hit hard in 2008 and 2009, the last ten years have brought plenty of new wealth and energy into philanthropy. On the regulatory front, though, foundations have faced years of uncertainty about heightened government intrusion.
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