Foundations' Income Far Exceed Outgo
AP reports from Washington that private foundations earned about 6.6 billion in four years while spending 2.0 billion on various causes. Rep. Patman cites examples including University of Miami football players and support for former wives, urging tighter tax exemption rules on capital gains. He warns of asset accumulation and founder benefit, noting 1.3 billion in capital gains from stock markets and calls for reform to ensure charitable distributions.
MENTIONED IN THIS ARTICLE
Washington
Wright Patmat
Patman
Sobte
University of Miami
Florida
J Patman
House
Paiman
Nnion
Gernard
Congress
Julian S. Eaton
Joseph B le
Joseph B. Whitebeat
Government Affairs Foundation, Inc
Albany
N.Y
Nelson A. Rockefeller
Frank C. Moore
New York
Manufacturers Hanover Trust Co
Manufaclers Hanover Trust Co. Foundation
Fedecal
Conteclulions Ly the Foundation
River flood crest figures from Weather Bureau report
Weather Bureau figures show stages and flood crests for Indiana towns including Lafayette Covington Terre Haute Petersburg Hazleton and Vincennes. Forecasts indicate falls below flood stages over the next three days with rainfall chances and continued river level changes through midweek.
MENTIONED IN THIS ARTICLE
Covington
Muhtezuma
Vincomnes
Bylow Tool
Sige
Petersburg
Hazleton
Robber Kills Man During Gary Robbery
In Gary Indiana police say a 22 year old woman was killed during a Monday night armed robbery attempt. A flow attendant reported the assailants, one armed with a knife, entered the scene. a second man escaped.
MENTIONED IN THIS ARTICLE
Gary
Ind
William Wysiager
Tiaac Wilson
Wilson
Hitt
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