The major American foundations constructed and sustained the rich texture of cooperative social, intellectual and political relations between key actors and institutions supportive of specific modes of thought that promoted US hegemony. Foundations also fostered and developed the attractive power-knowledge networks that not only radiated intellectual influence but also attracted some of the most creative minds. Finally, liberal internationalist foundations fostered globalism even when the American state was ‘isolationist’, and when US influence abroad unwelcome. Their significance in American hegemony building lay in their sustained, long-term cooperative relationship with the American state through which they helped build national, international and global institutions and networks. The latter process evidences the most significant impact of US foundations – the building of the domestic and international infrastructure for liberal internationalism which has transformed into a kind of “social neoliberalism”. Theoretical conclusions follow from these claims: the sustained and deep cooperation between the state and foundations suggests that we must revise our views of “how power works” in the United States and therefore influences its foreign relations. Therefore, the article shows that elite networks, consisting of state officials and private citizens are powerful means by which foreign policy shifts may be prepared, elite and mass opinion primed and mobilised, new consensus built, ‘old’ forces marginalised, and US hegemony constructed