A study of the Foundations, how they were formed, how they are managed, what they accomplish. The Rockefeller Foundation, the Guggenheim, Duke, Russell Sage and the School for Social Workers -- all come under the eagle eye -- and some under the hammer. There is a good deal of debunking -- revelations as to reinvestment of funds in steel, in oil, etc., to keep control of stock in donors' hands. But the type of men serving on the Boards represent our finest citizens, and tremendous good is done. He raises the question of comparative benefits -- but does not answer it.