More Foundations are Using Funds to Influence Public Policy

Last week the the New York Times reported that there are "a growing number of philanthropists whose foundations are spending increasing amounts and raising their voices to influence public policy — a marked shift from their traditional position." The article opens by highlighting the Peter G. Peterson Foundation's efforts to address fiscal responsibility. The foundation financed a documentary examining the United States' addiction to debt titled "I.O.U.S.A." Take, for example, the efforts by the Rockefeller Brothers Fund to persuade Exxon Mobil, the oil company and descendant of John D. Rockefeller's Standard Oil Trust, to increase its investments in alternative energy. Rather than simply trying to sway corporate executives behind the scenes, the Rockefeller Brothers Fund courted news media coverage, and Rockefeller family members spoke out against Exxon Mobil's leadership, as did the foundation's president, Stephen B. Heintz. Joel L. Fleishman, author of The Foundation: A Great American Secret, cited three reasons for foundation' interest in influencing public policy: (1) greater ambition to tackle big and seemingly intractable problems, (2) growing frustration over government gridlock caused by partisanship and, (3) an increasing number of foundations that plan to spend down their assets by a specific date, making them eager to make a mark upon the world. The Atlantic Philanthropies recently published a report, Investing in Change: Why Supporting Advocacy Makes Sense for Foundations, that urges increased foundation support for advocacy.
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