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Treasury to Press for Tighter Foundation Controls
Washington AP The Treasury Department plans to press six major proposals next year to tighten tax exempt private foundation rules. It urges banning self dealing, enforcing payout rules, limiting foundation ownership of unrelated businesses, restricting gifts of family stock, prohibiting speculative borrowing, and capping donor influence after 25 years.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Department
Wright Patman
D-Tex
Foundation