Education: The Grubstakers

Over the years, the tax-free philanthropic foundations have helped make the U.S. a true land of opportunity. They have spent millions to advance research, have sped hundreds of scholars on their way. But have foundation grants always been wise? Have some of them gone to support un-American and perhaps subversive activities? Last week a House investigating committee headed by Georgia's Eugene Cox was told: yes, on occasion.

As everyone knew, the Carnegie Endowment for International Peace had made one major blooper: in 1946 it appointed Alger Hiss to be its president. But, argued Trustee John W. Davis,* onetime Democratic candidate for...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!