In the US, nonprofits’ assets have grown 16-fold since 1980. In 2020, nonprofits brought in $2.62 trillion in revenues, constituting more than five per cent of the US economy. Ironically, foundations that are funded with the great fortunes of Henry Ford, John D Rockefeller and John D MacArthur, all right-wing figures, have become some of the key financiers of ‘progressive’ causes.