Philanthropy, science, and social change: Corporate and operating foundations as engines of applied developmental science

Sherrod examines how corporate and operating foundations serve as mechanisms for advancing applied developmental science. He illustrates how foundations fund research initiatives—particularly in child and youth development—linking theory and practice. The chapter underscores foundations' role in evaluation, evidence-informed programming, and translational impact that shapes social policies and community interventions. It highlights the crucial function of these foundations in bridging academic research with real-world application, fostering evidence-based solutions for societal challenges, especially those concerning youth well-being and development.