424 Conservative Foundations on the Increase

If you set up a foundation to protect your assets and continue your good works, the next generation or the board of directors would probably undo your plans:

. . .organized philanthropy, like the academic world, remains firmly in the grip of orthodox liberalism. Among the largest foundations in the United States, liberal foundations have been well represented by such stalwarts as the Ford, Rockefeller and MacArthur foundations, the Carnegie Corporation and the Pew Charitable Trusts--which list combined assets of some $25 billion and annual expenditures of more than $1.2 billion. By contrast, there is not now, nor has there been in the recent past, a conservatively oriented foundation with sufficient assets to make this list. These liberal foundations alone outspend the main conservative foundations by a factor of at least 10 to 1. When smaller foundations--like the Heinz Foundations--are added to the list, the disparity is more like 20 to 1. CRC News, July 21, 2004

It's not that conservatives don't set up foundations--they earn the money in a capitalist system, then their heirs do all they can to undo the system. So if the left were successful in making this a completely socialist planned economy, eventually we'd have no philanthropies at all. They would have killed their golden goose! The report goes on to point out what a little money and good ideas can do:

The conservative investment in ideas, though modest by liberal standards, has paid large dividends. There exists today, in contrast to the 1970s, an impressive network of think tanks, journals and university programs supported by conservative foundations, which are engaged in different ways in promoting the cause of liberty and limited government. As a result, there is now a robust debate in American intellectual life between conservatives and liberals. The one-sided debate, dominated by the left, is a thing of the past.