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December 2, 1939

Money to Burn: What the Great American Philanthropic Foundations Do with Their Money

JAMA. 1939;113(23):2085-2086. doi:10.1001/jama.1939.02800480071031

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For some time there has been intense interest in the question as to what place will be occupied in the future by the great foundations established by the multimillionaires of the past. The author begins by describing the development of the various foundations and their relationship to the law. Then he discusses particularly the Carnegie and Rockefeller Foundations, including the General Education Board. Unfortunately, he has depended primarily on the New York Times for his information, and therefore much of what he says is colored by the established policies of that paper. A small space is devoted to the Duke Foundation, the Brookings Foundation, the Spelman Fund, the Twentieth Century Fund, Chemical Foundation and others. The chapter called "Public Health and Private Philanthropy" is full of misstatements of fact and inconsistencies and indicates the very casual manner in which the whole book is written. The statement is made that the

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