A Practical Look at Foundation Practices

A good book on philanthropy is hard to find. Those who write about foundations tend either to extol or excoriate them. Academic studies lack the pragmatism of real-world experience, and the reminiscences of those who have run a foundation are often overlaid with an unnaturally rosy hue.

Happily, Joel Fleishman's new book, The Foundation: A Great American Secret — How Private Wealth Is Changing the World, departs from this genre, offering instead an honest and

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