Organized philanthropy has become the most powerful force in American Jewish communal life. As the culture of philanthropy has transformed, so has the allocation of power in the community. Felicia Herman, Chief Operating Officer of Maimonides Fund, joins Yehuda Kurtzer to discuss how the history of charitable giving has changed since the creation of the State of Israel, shifts in the Jewish institutional landscape with the rise of family foundations, and whether the power and impact of the Federation system remains today.