The “foundations” which the Committee investigated did not all carry that label, . RENE A. WORMSER CONTENTS PREFACE by drazilla carroll reece v. Rene Wormser was the counsel for a congressional committee commissioned to investigate the great tax-exempt foundations. Despite opposition from the. Foundations has 17 ratings and 0 reviews. Rene Wormser was the counsel for a congressional committee commissioned to investigate the.

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De facto, almost all major foundations insist on approving the selection of personnel in the recipient organizations. It is the people who wormeer them who must account, morally, to the public. The SSRC, however, purports to represent seven of the indi- vidual social-science disciplines through their respective profes- sional societies. On the other hand, a foundation can operate in reverse, in regard to public relations.

Represented at various other nationwide “councils. The late Professor Merriam, in his day perhaps the most powerful fig- ure in the foundation world, once said: This book docume Rene Wormser was the counsel for a congressional committee commissioned to investigate the great tax-exempt foundations.

Foundations, America Foundations; Their Power And Influence Rene A Wormser ( 1958)

They point to essential peculiarities of private endowments manifest in any social climate, irrespective of the current fashions of contemporary social criticism or of current political trends. In addition, the report proposed the creation of an investigatory body for the continued study of activities of foundations and of their affiliates.

In large industrial enterprises and in government, the delega- tion of authority is an essential management device. I think of several trustees of great foundations, men with whom I happen to be acquainted and for whom I have great personal ad- miration. The law applying to public servants is very strict in defining conflicts of in- terest.


Foundations: Their Power and Influence by Rene A. Wormser

It is to be hoped that those who manage the great corporations will be alert to this danger and carefully avoid it. Keppel, a former Dean of Columbia College and a leading exponent and manager of foundations, reviewed the relative responsibilities of private endowments and government.

Whyte ridicules the argument presented for scientific teamwork: One does not go on making contributions to a pro-Communist organization in the hope of converting it away from communism. Refresh and try again. Among these are the ideas of the welfare state; the principles of economic determinism; excesses in the promotion of progressive education; the impairment of our national sovereignty; and even subversion.

John Haynes Holmes, an eminent Protestant minister, testi- fied foundationw his concern with the power of the self-perpetuating foun- dation boards: It was most distressing to the Reece Committee to find that doundations professionals, without themselves having fiduciary responsi- bility, exercise such vast power.

Such examination has been undertaken recently, among others, by William H.

Foundations: Their Power and Influence

Large funds have also come from membership contributions erne organizations supported by the en- dowment and, in some instances, created or fathered by it. These policy decisions may deeply effect our society.

They have become almost a guild, the bureaucrats of the foun- dation complex. Commissioners Weinstock, Ballard, and Ashton, while dissenting and calling the report partisan and un- fair regarding certain labor issues, concurred in its conclusions regarding the foundations.

But they have also exercised control and a restrictive influ- ence on scholarship in many ways. In his recent book, Philanthropic Foundations Mr. Had not the Ford fam- ily created this foundation, it would have had to dispose of a large part of its ownership in the Ford Company to the public, for it is hardly possible that the family had enough liquid capital to pay the hundreds of millions of estate taxes which would have been due upon the deaths of two proprietors, Henry Ford and his son Edsel.


The increasing tax burden on income and estates has greatly accelerated a trend toward creation of foundations as instruments for the retention of control over capital assets that would otherwise be lost.

Foundations : Their Power and Influence by René A. Wormser | Earth Emperor

It thrived, however, by giv- ing the ree that it did. Moreover, it materially increases this power and its influence by building collateral alliances which serve greatly to insulate it against criticism.

We knew that the group of prominent men whose decisions would have to be judged dormser even to intimates of the White House. Who knows rens economic worldwide planning is being concocted by UN agencies, much of which will later be promoted domestically by these foundations, following their thesis that UN is the only road to peace?

Individual talent is too sporadic and unpredictable to be allowed any important part in the organization foundatilns society. It is likely to find friends among the banks which hold its great deposits; the investment and brokerage houses which serve its investment problem; the ma- jor law firms which act as its counsel; and the many firms, institu- tions, and individuals with which it deals and which it benefits.

Whole libraries have been written wogmser the alleged threat to the public welfare in the form of the growth of giant enterprises. As the committee report said: Re- cently the exemption of The Institute of Pacific Relations was re- voked for reasons which shall be discussed later. Today many fear them as promoters of big government.