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 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. 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.