Caption: Jim (James) Joseph President of National Council of Foundation's.Joseph: If one looks at the fact that we are talking about more than a$1-trillion federal budget, more than $500 billion in expenditures by stateand local governments and that last year foundatation gave away $6.3 Billion, that beginss to put the possibilities in perspective. The reasons foundations have been so successful in American Societyis because they have targeted what they have done. They have not tried to be an alternative to the generalsocial role of government.
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