While this may surprise those who follow philanthropy’s every move, Congress only rarely passes laws that directly regulate philanthropy. The last truly foundational law regarding philanthropy was passed in 1969. That was the law that mandated a five-percent minimum payout from private foundations, among other provisions (such as prohibitions against self-dealing). Of course, a lot…
Will Congress Act to Reform Philanthropy? — Non Profit News | Nonprofit Quarterly
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