◆ SpookStack

~ naum +» onrret 38 GOVERNMENT a ° a To : MR. A. H. BELMONT DATE!” "May 19, 1959 i be FROM: OW, ©, Sullivan ‘ veo sunject: _(@)FUNDS AND FOUNDATIONS \ “Be an ten oFirs ph - Reference is made to the Director's expressed interest in the Security aspects of funds and foundations, : History Set Forth Attached herewith is a blind memorandum setting forth the results of a pilot research study conducted into those funds and foundations having an actual--or potential--influence upon the internal security of the United States and the foreign policies of our Government. It includes a brief history of the development of charitable foundations as they exist today, an analysis of their wealth and influence, and the subversive or questionable causes in which a number of them have invested their tax- exempt funds, Salient Features et features eo Following are a fe drawn from the attached study. 4 ; 1. | Foundations have a tremendous influence on Americans today me ; if only from the sheer number’ of organizations involved and a —_ )\the colossal accu: fF a b a 4 : { w of the more interesting and impressive facts — * , Department of Commerce estimates, for example, that there is a minimum of 7, 300 charitable bodies operating in the United States at the present time and, of these, thé Ford Foundation alone is estimated to be worth approximately $2, 500, 900, 000. Enclosure . ip /1 ~ secnonuenier n° 1- Mr. Mohr "lA 1 2 We mow .