Foundation : A Great American Secret : How Private Wealth is Changing the World - Fleishman, Joel L.

Foundation : A Great American Secret : How Private Wealth is Changing the World

Joel L. Fleishman

Yayınevi: Public Affairs

Yayın tarihi: 09/2009

ISBN: 9781586487027

İngilizce | 464 Sayfa | 13,97x20,57x3,56 cm.

Tür: İş Dünyası

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How private wealth is changing the world In 2004 one sector of the U.S. economy gave away 32.2 billion dollars almost 10 per cent of their GDP largely because it had to. Neither from government nor corporations. the money came from America's unique third sector. its private foundations. which are mandated by law to spend a minimum of 5 per cent of their assets each year. Although there are more than 66.000 of such foundations . most of them are family foundations that donate to a variety of charities. But the largest 25 control 25 per cent of the total assets. and they seek to have major social impact on society. 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 just over 10 per cent of the public knows ...

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