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foundation,institution through which private wealth is contributed and distributed for public purpose. Foundations have existed since Greek and Roman times, when they honored deities. During the Middle Ages in Europe the church had many foundations, and in the Arab lands the waqf, or pious endowment, developed with the growth of Islam. In modern times European foundations, generally smaller than their U.S. counterparts, have been closely regulated by the state (e.g., the Nobel prizes; see Nobel, Alfred BernhardNobel, Alfred Bernhard
, 1833–96, Swedish chemist and inventor. Educated in St. Petersburg, Russia, he traveled as a youth and returned to St. Petersburg in 1852 to assist his father in the development of torpedoes and mines.
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In the United States there were a few early foundations, notably those endowed by Benjamin Franklin in 1791 to provide funds for loans to "young married artificers of good character" and by James Smithson in 1846 for the establishment of the Smithsonian InstitutionSmithsonian Institution,
research and education center, mainly at Washington, D.C.; founded 1846 under the terms of the will of James Smithson of London, who in 1829 bequeathed his fortune to the United States to create an establishment for the "increase and diffusion of
..... Click the link for more information. ; however, it was not until after the Civil War that foundations developed rapidly. Social disintegration in the South and the establishment of early foundations such as the Peabody Education Fund and the John F. Slater Fund (both designed to provide educational opportunities for African Americans in the South) promoted the movement. The rapid growth of northern industrial enterprise in the postbellum years brought with it an accumulation of huge private fortunes. By the turn of the century, persuasive preachers of the "social gospel" urged the wealthy to meet their charitable obligations to society. Andrew CarnegieCarnegie, Andrew
, 1835–1919, American industrialist and philanthropist, b. Dunfermline, Scotland. His father, a weaver, found it increasingly difficult to get work in Scottish factories and in 1848 brought his family to Allegheny (now Pittsburgh), Pa.
..... Click the link for more information. and John D. RockefellerRockefeller, John Davison,
1839–1937, American industrialist and philanthropist, b. Richford, N.Y. He moved (1853) with his family to a farm near Cleveland and at age 16 went to work as a bookkeeper.
..... Click the link for more information. , Sr., in the period 1896 to 1918, led the way in creating foundations that could distribute their enormous wealth in what was considered to be the most efficient and socially beneficent manner.
Favorable income tax laws in the 1940s further spurred philanthropic activity. During the early 1950s many American foundations were attacked by right-wing journalists and Congressmen; between 1950 and 1953 the House of Representatives conducted two separate investigations into "subversion and Communist penetration" of the nation's philanthropic foundations. Attacks on the foundations began to subside, however, with the passing of the so-called McCarthy era. Although a number of foundations have been restricted by their charters to specific philanthropic functions, the larger U.S. foundations have devoted themselves to broad areas (see separate articles on Lilly Endowment, IncLilly Endowment, Inc.,
institution founded (1937) at Indianapolis, Ind., by pharmaceutical manufacturer Josiah K. Lilly (1861–1948) as a philanthropic foundation for "the promotion and support of religious, educational, or charitable purposes"; most of its work is confined
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philanthropic institution, established (1936) in Michigan by Henry Ford and his son, Edsel, for the general purpose of advancing human welfare. Until 1950 the foundation was involved in local philanthropic activities, mainly aiding the Henry Ford Hospital in
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philanthropic institution established (1913) by John D. Rockefeller, Sr., to promote "the well-being of mankind throughout the world." During its first 14 years the foundation received $183 million from Rockefeller.
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fund established (1934) by automobile executive Alfred P. Sloan, Jr. as a philanthropic institution supporting research in various areas. In its early years it stressed support of U.S. economic education and research.
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foundation established (1918) by Anna M. Harkness, wife of Stephen V. Harkness, an early Standard Oil investor, "for the welfare of mankind." Its headquarters are in New York City.
..... Click the link for more information. ). The 1980s and 90s saw a doubling in the number of grantmaking foundations, including those developed by financier George SorosSoros, George
, 1930–, American stock trader and philanthropist, b. Budapest, Hungary, as George Schwartz. He studied under Sir Karl Popper at the London School of Economics (grad. 1952).
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(William Henry Gates 3d), 1955–, American business executive, b. Seattle, Wash. At the age of 19, Gates founded (1975) the Microsoft Corp., a computer software firm, with Paul Allen. They began by purchasing the rights to convert an existing software package.
..... Click the link for more information. . Due in part to economic prosperity, foundation giving doubled between 1990 and 1998 to $19.5 billion. In 1997, the largest recipients of grant dollars were education, health, and human services.
See also philanthropyphilanthropy,
the spirit of active goodwill toward others as demonstrated in efforts to promote their welfare. The term is often used interchangeably with charity.
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See M. Cuninggim, Private Money and Public Service (1972); W. A. Nielsen, The Big Foundations (1972) and The Endangered Sector (1979); D. N. Layton, Philanthropy and Voluntarism: A Bibliography (1987); Foundation Center Staff, Guide to U.S. Foundations, Their Trustees, Officers, and Donors (2 vol., 1999).
the set of primary underwater components of an overflow dam that form an artificial bed for an open stream of water. The foundation usually consists of an upstream apron, an overflow spillway, a downstream apron or stilling basin, and a bucket. The structures take the load of the water head, preventing the river bed near the dam from being washed out by surface currents and protecting the base of the dam from filtration deformation. The design and the size of the foundation structures are determined from hydraulic, filtration, and static calculations.