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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It thrived, however, by giv- ing the impression that it did. In more than one instance this has undoubt- abd happened. Foundations achieve their tax-exempt status, even their initial license to exist, because they are dedicated, in one way or another, to the public welfare.
But it has probably in- doctrinated thousands of more or less intelligent citizens. Why foundations are started: He spoke of corporate power first; then, of what appeared to him a similar problem in relation to the large foundations. imfluence
Foundations, America Foundations; Their Power And Influence Rene A Wormser ( 1958)
The giant foundation can exercise enormous power through the direct use of its funds. Their Power and Influence. Such institutions already owned about half the real estate in Mexico.
De facto, almost all major foundations insist on approving the selection of personnel in the recipient organizations. Unlike the power of corporate management, it is unchecked by stockholders; un- like the power of government, it is unchecked by the people; un- like the power of churches, influencr is unchecked by any firmly es- tablished canons of value. By closely cooperating foundations, which infkuence in- terlock through directorates. Kenneth Colegrove, Professor Emeritus of Politics at Northwest- ern University at the time of his testimony he was on a temporary teaching assignment at Queens Collegehad this to say before the Reece Committee about foundation trustees: It might have been difficult to make such a public sale without endangering their control of the company.
He quotes an example of a meeting of twenty top scientists in a particular field for the purpose of listen- ing to the plans of a chairman of a great foundation. Charles Dollard trustee — Carnegie Corporation L.
Foundations : Their Power and Influence by René A. Wormser | Earth Emperor
Founvations think powe several trustees of great foundations, men with whom I happen to be acquainted and for whom I have great personal ad- miration. Despite opposition from the media and the financial elite, the committee discovered that the Rockefeller, Ford, and Carnegie Fkundations were working in education, government, and the media a.wormssr convert our country into a socialist nation. Rockefeller said that it was 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 charge 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.
What, then, are the bases for such punishment? It would be far better for society to face the occasional waste which lack of interfounda- tion planning might cause than to take the risk of losing a truly competitive intellectual climate. Many unquestionably commendable accomplishments should not, however, immunize a foundation from criticism for mistakes involving what may be termed a breach of trust.
It is very likely that these experts would be selected from those favored powet the journal. The a.worser of this special class in our societyendowed intluence immense poxoers of thought control ‘is a factor which must be taken into account in judging the merits of contemporary founda- tion operations. In the aggregate, the officers of these foundations wield a staggering sum of influence and direction upon research, education and propaganda in the United States and even in foreign countries.
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. As indicated by their arrogance in dealing with this Committee, the major foundations and their associated intermediary organizations have intrenched themselves behind a totality of power which presumes to place them beyond serious criticism and attack.
Their aggregate capital is very substantial. They are held strictly to an exact loyalty. Limited by lack of time and funds, the Reece Committee made no attempt to study these corporate foundations.
The investigation poser the Reece Committee disclosed no criticism whatsoever of the Kellogg, Duke, or Pew foundations. Another motivation might have been the simple one of not wishing any minority stockholder to acquire enough stock to make him too interested in challenging the management.
But even comparatively small founda- tions can have an impact on society disproportionate to their monetary size, particularly when promoting fokndations seductive idea promising better things for society.
Congressional reports, by necessity, highlight certain features of a limited number of tax-exempt foundations and are likely to invite generalizations from a few explored data.
Whether or not a social scientist can procure publication of a paper has a lot to do with his advancement in his career. So rfne set out to find the answers.
But its wealth and influence had aroused bitter and power- ful resentment. Frank Hughes fears bby the freedoms of America. He suggests that the business men holding positions as trustees had abandoned their responsibility to a professional class of admin- istrators.
Just a moment while we sign you in to your Goodreads account. Wormser, who was a.wrmser counsel to the committee of which I was chairman and is widely recognized in America and Europe as outstanding in the field of estate planning and taxation. They must be so dedicated. There are substantial dissimilarities between the purposes, char- acteristics, and operators of the various organizations.
Foundations: Their Power and Influence by Rene A. Wormser
The stra- tegic use of its relatively small funds has resulted in the mobiliza- tion of additional funds behind causes favored by the endowment, in the form of matched grants supplied by other foundations within its sphere of influence. Anything in the nature of a cartel-like coordination in educa- tion and in such vital fields as foreign relations and the social- science studies tends to reduce competition and, through a form of collusion, to endanger the freedom of our intellectual and pub- lic life.
Hence the support by a majority in Congress of both the Cox and Reece Committee inquiries. 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. Like any in- vention, it creates new situations, changing with the tides of our social life.