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In the cover story of our Summer 2010 issue, Myron Magnet profiles Richard Gilder, the quintessential “growth investor.” Gilder invests fearlessly. It’s how he made his fortune—and how he’s giving it away. When Central Park was a penny stock, he went long. When nonprofits underperformed, he took over and turned them around. And when he couldn’t find an organization that excelled at promoting the study and love of American history, he built one. Through the Gilder-Lehrman Institute, he has revivified the study of American history, from kindergarten to graduate school. He likewise supports other historical organizations: the Thomas Jefferson Foundation, the New-York Historical Society, and a center on slavery, resistance, and abolition at Yale. Committed to increasing present prosperity, Gilder supports the study of the past for the benefit of the future.
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The late Robert H. Smith was perhaps best known for building Crystal City in Arlington, Virginia. But he also took great pride in his philanthropic work. Smith served for years as the president the National Gallery of Art and was the single largest supporter of Maryland public education in the state’s history. In our feature story, we pay tribute to Robert H. Smith, whose efforts extended to preserving some of our country’s most significant historic properties: Mount Vernon, Monticello, James Madison’s Montpelier, Lincoln’s summer cottage in Washington, D.C.—even Benjamin Franklin’s London townhouse.
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Kenneth E. Behring is a man on the move. After a lifetime of chasing opportunities, he spearheaded a much-needed renovation at the Smithsonian National Museum of American History. Ken Behring was instrumental in creating exhibitions that celebrate the American presidency, honor our fallen soldiers, and get citizens of all ages excited about American history. He is also deeply involved in funding global health and education programs. As the founder of the Wheelchair Foundation, he has overseen the distribution of 800,000 free wheelchairs to desperately poor, disabled people around the world. Mr. Behring spoke to Philanthropy about his efforts in global health, his work in education, and his support for the study and celebration of American history.
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Member Profile Liberty Fund celebrates its 50th anniversary this year. Learn more about Liberty Fund; its founder, Pierre F. Goodrich; and its efforts to affirm the ideal of individual liberty.
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Reviews & Commentary Charles E. Rounds Jr. reviews Ray Madoff’s Immortality and the Law: The Rising Power of the American Dead. Perla Ni examines Stephen Goldsmith’s new book, The Power of Social Innovation: How Civic Entrepreneurs Ignite Community Networks for Good. |
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Departments President’s Note: Adam Meyerson on new legislation in Florida that intends to preserve and promote philanthropic freedom. Briefly Noted: Charitable giving down in ’09; Foundation grants up during the recession; Patrick Roche gives $20 million to Boston’s Catholic schools; The Responsible Wealth Network pushes for higher taxes; Supporting D.C. school reform; Philanthropy to jumpstart Detroit’s economy; Half of funding for British charities now comes from the government; Jaime Escalante, RIP. Staffing Up: Timothy (“Bo”) Kemper; S. Dillard Kirby. Letters to the Editor: Bruce E. Bloom and Martin Morse Wooster reply to Adam Keiper’s Winter 2010 cover story on medical research.
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