The relationship between Strategic Studies and the American academy has always been a tenuous one. Tolerated when fully funded, the field quickly lost its place on campus when it failed to attract grant money. Only with the support of philanthropic foundations did it manage to gain a foothold in American universities. What emerges from our investigation is how the field has feasted during times when foundation money was available and suffered periods of famine when these funds were withdrawn. In addition, we show that during and immediately after the Cold War, the political interests of philanthropic foundations were broadly balanced. By contrast, over the last two decades, the field has been increasingly linked to financial support provided by politically right-leaning foundations. This is happening while funding from more centrist and left-leaning foundations has become much less prominent. When looking ahead at the field’s future health, we cannot but help be concerned about the implications of this development.