
runaways or criminals. Nonetheless, roughly 500,000 children pass some time in foster
care each year while reforms move slowly ahead.
S
ee also:
home; family
GARY McDONOGH
foundations
Non-governmental and non-
rofit funds, usually from a single source and administered
y trustees for various social and cultural purposes, represent a vital feature of American
ostwar society Foundations control hundreds of billions of dollars in funds and
administer grants of more than $2 billion annually to augment and shape programs in
social welfare, universities,
museums,
health,
education
and other areas. The origins o
these foundations can be found in religious or charitable trusts that have existed
worldwide for millennia. They also participated in the early American nation, although
few major trusts today antedate those established by turn-of-the-century robber barons.
Their enduring authority can be seen in new moguls of the information age: a $5 billion
gift by Bill and Melinda
Gates
to their foundation in 2000 made it the largest in the US,
with assets of over $21 billion. In 1999, there were roughly 50,000 active grant
organizations of this type; the largest 10,000 controlled $304 billion (92.3 percent of total
assets) and awarded $14.3 billion (90 percent).
In the classic pattern, rich corporations, people or families constitute independent
foundations (the dominant structure) as a return to society or to enhance the family and
corporate image. Some of the largest private American foundations thus bear names
associated with big businesses like Ford,
Rockefeller,
Gates, Mellon, Packard, Hewlett,
Lilly, and Pew. Apart from the Gates Foundation, the other largest foundations by assets
include the Lilly Endowment ($11.5 billion), the Ford Foundation ($9.5 billion) and the
David and Lucille Packard Foundation ($8.9 billion). Ford has been the largest grantor, at
$400 million annually followed by the W.K.Kellogg Foundation and Lilly; Gates and his
wife distributed $16 billion in 1999, again setting new standards. This philanthropic route
was also developed in the 1990s by George Soros, Ted
Turner,
Jim Clark of Netscape
and others.
Other types of foundations, including many corporate foundations, rely on continuing
donations rather than endowments. Operating foundations focus on special programs,
while community foundations may draw from many sources to deal with the issues of a
particular locality
These non-
rofit enterprises facilitate the development of social, economic, political,
artistic, scientific, medical and other projects. Some foundations are general in scope
while others develop special initiatives—the Spencer Foundation in Education, the John
and Catherine T.MacArthur Foundation in peace, the Annenberg foundation in
Encyclopedia of Contemporary American Culture 452