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Foundations Face Extinction Under Senate Unit Plan
The Senate Finance Committee approved a plan to abolish nearly all foundations within 40 years by taxing them heavily and forcing annual disbursements. It would bar creating new foundations, tax distributions, and restrict political activity while enabling enforcement via the Justice Department.
MENTIONED IN THIS ARTICLE
Senate
Wasitington
UPI
Senate Finance Committee
Pord
Rockefeller
Carnegie
Internal Revenue Service
American Busines
Williamsburg
Justice Department
Ford Foundation
Cleveland
Robert F. Kennedy