Peter Thiel's Review of The Foundation

“Thus, in The Foundation: A Great American Secret, another recent volume on the topic, Joel Fleishman asks whether society is getting its money’s worth. Are foundations living up to their “responsibility for achieving significant social impact through their programs”? And he answers: “The best response is clear evidence that foundations are adding significant value to the money they handle and investing it to create the highest possible level of benefits for society. Otherwise, why should society continue to subsidize them?”