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...sheer dollars, public philanthropy outstripped private philanthropy as early as 1929," says Henry T. Heald, newly retired president of the Ford Foundation. Now governmental philanthropy in education, health, welfare and economic development so vastly overshadows private giving that it accounts for no less than 10% of the gross national product. As Government continues to pick up projects pioneered by the private foundations, such diminished giants of good giving as the Ford, Carnegie and Rockefeller Foundations are taking a thoughtful new look at where to put their money...

Author: /time Magazine | Title: Foundations: An Infinity of Options | 3/18/1966 | See Source »

...need for reassessment of their roles conveniently coincides with significant changes in leadership. At Ford, which has pumped $1.82 billion-70% of all its grants-into education in the past 30 years, McGeorge Bundy, shrewd national security assistant to John F. Kennedy and Lyndon Johnson, this month succeeded Heald as president, while M.l.T. President Julius Stratton has become board chairman...

Author: /time Magazine | Title: Foundations: An Infinity of Options | 3/18/1966 | See Source »

Bold Projects. The basic role of these foundations, explains Heald, has long been to "provide the cutting edge for social advance by calling wider attention to important problems and supporting experiments and testing ideas that may be applied on a national scale if proven effective." The foundations have been so successful at this that the Federal Government has adopted many of their ideas in such educational programs as the preschool Head Start training for deprived children, school curriculum development, grants to improve university graduate programs in science and engineering, interdisciplinary research in biochemistry and biophysics, much of the Elementary...

Author: /time Magazine | Title: Foundations: An Infinity of Options | 3/18/1966 | See Source »

...free to turn to bold, short-term tryouts of imaginative projects, which Government cannot tackle, since, as Pifer puts it, "failures can't be tolerated" in tax-supported programs. Another expanding field for foundations is providing an objective analysis of how the Government programs are functioning. Government, argues Heald, "is not the best judge of its own performance-the painstaking job of investigation and analysis can be done only by the scholar...

Author: /time Magazine | Title: Foundations: An Infinity of Options | 3/18/1966 | See Source »

McGeorge Bundy, former Dean of the Faculty, has been asked within the last few days if he would be available to succeed Henry Heald as President of the Ford Foundation beginning January...

Author: NO WRITER ATTRIBUTED | Title: Bundy, Bell Up For Key Posts On Ford Fund | 11/15/1965 | See Source »

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