"In 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.
The need for reassessment of their roles conveniently coincides with significant changes...
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