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Overview The Commission on Foundations and Private Philanthropy was formed by John D. Rockefeller, III, in 1969, and chaired by Peter Peterson, to objectively investigate foundations and their role in society. The Peterson Commission, as it was known, was designed to be influenced by neither the government nor the foundations they investigated. An objective appraisal of foundation activities was necessary to give the Commission the credibility it needed to influence Congress' decisions on foundation...