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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 21, 1966
Page
6
Rep. Wright Patman accuses private foundations of focusing on profit and comfort rather than charity and urges Congress to tighten tax exempt rules for such institutions. He warns that lax standards allow misuse while calling for stricter oversight and accountability.
Turkish, Congolese, Pakistani, Nationalist Chinese, South Korean and Iranian students studying in the United States will visit Huntington during Christmas as part of the First Presbyterian Church Holiday House program now in its second year. Patman, a Texas Democrat, told a House Small Business subcommittee that examined 575 foundations for 1961 to 1964. The study found 4.6 billion in receipts, with 1.3 billion from capital gains, while less than half of 2.2 billion was disbursed to causes and about 500 million went to expenses. The report notes more tax exemption abuses and cites examples from several foundations. Patman said current law does not require capital gains to be distributed to charity and that dividend and interest distributions are not strictly enforced.
Soviet poet Yevtushenko after an American tour says U S and U S S R youth are alike in contempt for artificiality and disdain for empty words. He urged friendship between Americans and Russians and noted the world’s peace depends on both peoples. He spoke through an interpreter at Queens College and departs December 29.
The State of Florida has taken over a $1.3 million surplus federal facility consisting of 13 buildings that were formerly used as a maritime reserve training center for oceanographic research and instruction.
A mother asks about her daughter with recurrent kidney infections and the possibility of removing a nonfunctioning kidney. Dr. Mother explains one kidney can compensate, outlines risks of chronic infection, and advises consulting a urologist for a definitive plan.
Dallas AP report notes Jack Ruby, 55, stricken with cancer, is receiving chemotherapy at Parkland Hospital under guard. Doctors say his condition is unchanged and he rests. Ruby has been in serious condition since Dec 9 after transfer from county jail. He was convicted for the Nov 24 1963 slaying of Lee Harvey Oswald, a verdict later overturned on appeal awaiting new trial.
Race track operator John Alessio sponsored a Christmas event at Cali ente race track in Tijuana for 17000 of the city’s poor. He provided dolls toys and groceries to 5000 families as hundreds waited at dawn for a chance at gifts. The drive marks Alessio’s 20th year of supporting the charity.
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