Very recently in the United States Treasury Department submitted its study of private foundations to Congress. This is the most recent development in an attempt to delineate the proper role of foundations and their donors in our society, and more particularly their proper tax treatment. Although it is much too soon to predict the effect of the Treasury Report, since Congress itself asked for the study, it is quite likely that some more restrictive legislation will result.
Marcus Schoenfeld, Initial Impressions of the Treasury Report on Foundations, 14 Clev.-Marshall L. Rev. 286 (1965)
Business Organizations Law Commons, Taxation-Federal Commons, Taxation-Federal Estate and Gift Commons
Non-Profit Organizations' Problems (Symposium)