The past is never past. Every headline has a history. Join us every week as we go back in time to understand the present. These are stories you can feel and sounds you can see from the moments that shaped our world.Subscribe to Throughline+. You'll be supporting the history-reframing, perspective-shifting, time-warping stories you can't get enough of - and you'll unlock access bonus episodes and sponsor-free listening. Learn more at plus.npr.org/throughline
https://www.npr.org/podcasts/510333/throughline
episode 182: The New Gilded Age
Philanthropic foundations are a fundamental part of our society: they support media, the arts, education, medical research, and more. NPR, and even this show, is supported by many personal and family foundations. But it wasn't always that way. In this episode, we go back to the beginning — the Gilded Age. We trace the birth and evolution of what many today call "big philanthropy," and ask what all this private wealth means for the public good.