Liberal Philanthropy and the Fight for Democracy, With David Callahan
On the latest Nation Podcast.

Here's where to find podcasts from The Nation. Political talk without the boring parts, featuring the writers, activists and artists who shape the news, from a progressive perspective.
It’s no surprise that liberal philanthropy — a longtime pillar of the Democratic establishment — has become one of the Trump administration’s latest targets. As David Callahan writes in our December issue, liberal foundations “have often been depicted as the great puppet masters of the left, bankrolling and directing a who’s who of progressive groups intent on destroying the American way of life.” In other words, catnip for MAGA madness.
But as Callahan points out, the reality of how these institutions operate is far from radical. As powerbrokers of the elite, liberal philanthropists are averse to challenging “the systems that spawned them.”
How have liberal foundations failed to mobilize working-class Americans? And how can they ramp up the fight to defend the democracy they claim to care so much about saving?
Joining us to discuss this is David Callahan, founder and editor of Inside Philanthropy, and author of The Givers: Wealth, Power and Philanthropy in a New Gilded Age.
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US investor and philanthropist Alexander Soros, son of Hungarian-US investor and philanthropist George Soros, speaks during a ceremony to accept the “2025 Civil Rights Prize of the Sinti and Roma” on behalf of his father, on October 23, 2025, in Berlin, Germany.
(Ralf Hirschberger / AFP via Getty Images)It’s no surprise that liberal philanthropy—a longtime pillar of the Democratic establishment—has become one of the Trump administration’s latest targets. As David Callahan writes in our December issue, liberal foundations “have often been depicted as the great puppet masters of the left, bankrolling and directing a who’s who of progressive groups intent on destroying the American way of life.” In other words, catnip for MAGA madness.
But as Callahan points out, the reality of how these institutions operate is far from radical. As powerbrokers of the elite, liberal philanthropists are averse to challenging “the systems that spawned them.”
How have liberal foundations failed to mobilize working-class Americans? And how can they ramp up the fight to defend the democracy they claim to care so much about saving?
Joining us to discuss this is David Callahan, founder and editor of Inside Philanthropy, and author of The Givers: Wealth, Power and Philanthropy in a New Gilded Age.
Subscribe to The Nation to support all of our podcasts: thenation.com/subscribe.

Here's where to find podcasts from The Nation. Political talk without the boring parts, featuring the writers, activists and artists who shape the news, from a progressive perspective.
In its heyday, the Bush Terminal industrial complex spanned several city blocks along Brooklyn’s waterfront and employed more than 35,000 people. Built by Irving Bush in the late nineteenth century, it was an "early intermodal shipping hub." Goods arrived by water and left by rail. Bananas, coffee, and cotton came in through doors on one side of the warehouses and were loaded onto trains on the other.
But after World War II, as trucks replaced rail and shipping patterns changed, the Terminal’s purpose faded and the vast complex slipped into disuse.
Today, Bush Terminal is again at the center of New York’s vision for urban reinvention— and a debate around development, displacement, and the future of work in the city.
Joining us on a deep dive into Bush Terminal is veteran architecture critic and writer Karrie Jacobs. Her essay, “On the Waterfront,” appears in our December issue of the Nation.
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Even before February 28, the reasons for Donald Trump’s imploding approval rating were abundantly clear: untrammeled corruption and personal enrichment to the tune of billions of dollars during an affordability crisis, a foreign policy guided only by his own derelict sense of morality, and the deployment of a murderous campaign of occupation, detention, and deportation on American streets.
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