Congressman Cox died before the end of the year; and the final report of his committee (filed January 1, 1953) was a pathetic whitewash of the whole subject.
A Republican-controlled Congress (the 83rd) came into existence in January, 1953.
On April 23, 1953, the late Congressman Carroll Reece, (Republican, Tennessee) introduced a resolution proposing a committee to carry on the "unfinished business" of the defunct Cox Committee. The new committee to investigate tax-exempt foundations (popularly known as the Reece Committee) was approved by Congress on July 27, 1953. It went out of existence on January 3, 1955, having proven, mainly, that the mammoth tax-exempt foundations have such power in the White House, in Congress, and in the press that they are quite beyond the reach of a mere committee of the Congress of the United States.
If you want to read this whole incredible (and rather terrifying) story, I suggest Foundations, a book written by Rene A. Wormser who was general counsel to the Reece Committee. His book was published in 1958 by The Devin-Adair Company.
In the final report on Tax-Exempt Foundations, which the late Congressman Reece made for his ill-fated Special Committee (Report published December 16, 1954, by the Government Printing Office), Mr. Reece said:
"Miss Casey's report (Hearings pp. 877, et seq.) shows clearly the interlock between The Carnegie Endowment for International Peace, and some of its associated organizations, such as the Council on Foreign Relations and other foundations, with the State Department. Indeed, these foundations and organizations would not dream of denying this interlock. They proudly note it in reports. They have undertaken vital research projects for the Department; virtually created minor departments or groups within the Department for it; supplied advisors and executives from their ranks; fed a constant stream of personnel into the State Department trained by themselves or under programs which they have financed; and have had much to do with the formulation of foreign policy both in principle and detail.
"They have, to a marked degree, acted as direct agents of the State Department. And they have engaged actively, and with the expenditure of enormous sums, in propagandizing ('educating'?) public opinion in support of the policies which they have helped to formulate....
"What we see here is a number of large foundations, primarily The Rockefeller Foundation, The Carnegie Corporation of New York, and the Carnegie Endowment for International Peace, using their enormous public funds to finance a one-sided approach to foreign policy and to promote it actively, among the public by propaganda, and in the Government through infiltration. The power to do this comes out of the power of the vast funds employed."
Mr. Reece listed The Council on Foreign Relations, The Institute of International Education, The Foreign Policy Association, and The Institute of Pacific Relations, as among the interlocking organizations which are "agencies of these foundations," and pointed out that research and propaganda which does not support the "globalism" (or internationalism) to which all of these agencies are dedicated, receive little support from the tax-exempt foundations.
I disagree with Mr. Reece here, only in the placing of emphasis. As I see it, the foundations (which do finance the vast, complex, and powerful interlock of organizations devoted to a socialist one-world system) have, nonetheless, become the "agencies" of the principal organization which they finance–the Council on Foreign Relations.