Legal Laissez-Faire?
Few provisions of the Code have a single, clear meaning that leaves no room for interpretation. Even many of those that, on the surface, appear fairly straightforward, are usually open to alternative “understandings.”
In the absence of continuous monitoring, implementation (as in the form of regulations),[i] and enforcement, there are taxpayers that…
Do This But Not That
Charitable organizations are dependent, in no small part, upon the financial support of many successful business owners. The generosity of these individuals and their organizations may be a manifestation of several factors including, for example, their gratitude to the communities in which they have thrived, a willingness to share their good fortune for the benefit of others, and – less altruistically – a desire for public recognition[i] and the “incidental” benefits arising therefrom.[ii]Continue Reading Transferring the Family Business To A Private Foundation? Are You Sure About That?
WTF
It appears that many of the country’s colleges and universities[i] believe they have not already contributed enough to the decline of American education and to the erosion of our society, generally.
These institutions of so-called higher learning are not satisfied with having introduced major studies in subjects that can only be described as laughable, diluted academic standards, misrepresented history, encouraged identity politics, adopted cancel culture, stifled free speech, vilified Judeo-Christian values, and demonized Western civilization.Continue Reading Activities Contrary to Public Policy – Revoking the Tax Exempt Status of Universities
“Show Me the Money”[i]
Much has been written in recent months about how well the investment portfolios of private foundations have performed over the last several years. For example, a study conducted by the Council on Foundations reported that the average return on such investments in 2021 was 16.3 percent while the ten-year average…
