Full text of “Foundations, America Foundations; Their Power And Influence Rene A Wormser ()”. See other formats. FOUNDATIONS RENE A. WORMSER. Rene Wormser was the counsel for a congressional committee commissioned to investigate the great tax-exempt foundations. Despite opposition from the. I read Foundations: Their Power and Influence by René A. Wormser. This book is a third printing from by Covenant House Books.
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We knew that the group of prominent men whose decisions would have to be judged extended even to intimates of the White House.
Foundations : Their Power and Influence by René A. Wormser | Earth Emperor
One reason behind this might have been the conviction that the more Ford stockholders there were, the more Ford customers and enthusiasts there would be. This is indicated by a statement by Messrs. His observations are in conflict with the apologetic contentions of those managers of endowments who testified in later Congressional hearings that they did not interfere with the intellectual pursuits of grantees.
The creation of a new foundation very often serves the purpose of contributing to a favorable public opinion for the person or foundqtions that endows it. It is not the purpose of this study, however, to discuss the business or tax-avoidance use of foundations in detail. Those who have exercised a similar function during the individualist-competitive phase of modern economy have been, to a very foundatons extent, associated with foundations and trusts.
The increas- ing tax burden on income and estates has greatly accelerated a trend toward creation of foundations as instruments for the re- tention of control over capital assets that would otherwise be lost. In education, it had created methods of teaching and institutions of learning unexcelled at the time and exemplary even today. They were trans- ferred pursuant to a contract infouence which the Foundation agreed to ttheir the publishing company in its financial prob- lem and, by inference, but clear inference, to make this objective superior to its presumed charitable function.
However laudable much or most of its work ren have been, the Council has certainly been one of the media through which foundation funds have been used to effect consider- able control or influence over education in the United States.
A stereotyped bureaucracy has developed among the major foundations and their satellite organizations. The following pages are offered as a contribution towards a better understanding of the public issues arising out of the exist- ence of powerful tax-exempt institutions.
Gaither was on weak ground, however, if he sought to prove the relative unimportance of foundations through financial comparison with other philanthropic media. John Haynes Holmes, an eminent Protestant minister, testi- fied to his concern with the power of the self-perpetuating foun- dation boards: This latter ree involves the distribution rebe grants among institutions and the concentration of research in fields at the expense of other fields and the distortion of the institutional picture as a whole.
Rockefeller said that it a.wormsser never contemplated that his father or his associates could continue to have their influence felt; but at any time in any generation, when the board having the roundations of such a foundation is not, in the judgment of the public, a proper board, the legislation can introduce an amendment, limiting, qualifying or modifying the method of electing directors and adding at that time any restriction which it may think desirable.
Raymond Davis marked it as to-read Oct 19, The aggregate power involved in Such a concentration gives us concern. The impact of foundation programs and operations in many of the focal areas of our civilization requires constant re- evaluation.
Foundations, America Foundations; Their Power And Influence Rene A Wormser ( 1958)
The extent to which foundations are today being used — in a manner generally similar to that of The Ford Foundation a.wormserr to solve the problem of paying death taxes when a major part of the assets of the estate consist of stock in a closely held corporation, largely prompted me to include this comment in an address at the University of Chicago in Keppel agreed with Beardsley Ruml, another eminent foun- dation manager: Will Riddle added it Jan 04, This led the report to comment: They assume a directive function.
The Cox and Reece Committees did touch on some of the major cultural and intellectual aspects of foundation operation, but in this area private inquiry could promise wider and even more penetrating study. The Institute became the specialist in the Far East.
Clearly enough, foundation executives are entitled to their po- litical opinions as private individuals. The American foundation is a social invention, created to con- tribute to the improvement of the public welfare.
It would warrant special attention in connection with any study of the extent to which foundation interlocks have influ- enced government. By the 12th century they had come to own 9, manors and had become rich to obvious excess. Here you have, you see, outside organizations influencing the course of the careers of personnel in universities influenfe their control of funds which can liberate these people from teaching duties, for example, and making it possible for them to publish more than their competitors.
Power is often exerted by foundations to promote projects, rather than to support institutions, because of the desire of man- agers to do business in public, to publicize themselves and their sendees.
Foundations: Their Power and Influence
Jpmontz marked it as to-read Sep 01, What control the Federal Government may exercise over founda- tions is based almost entirely on the tax law. We knew that many prominent educators, regardless of what they felt, could not be unmindful of the dependency of their institutions upon continued largess from the foundations involved. It has been stated that, unlike colleges and universities, foundations have no alumni to defend them. Yet, under totally different economic and social conditions, the findings of are still fokndations.
Foundations, too, have changed. What mattered was not that foundation trustees were concentrated on the Eastern Seaboard but that a pattern of interlocking operations existed at various levels of management. Lindeman, is essentially based on the ab- stract fear of bigness and concentration of power as a political factor.
Foundations: Their Power and Influence by Rene A. Wormser
No group of men sat down deliberately to plan this thing over-all. Hence the support by a majority in Congress of both the Cox and Reece Committee inquiries. And, as the Reece Com- mittee said: