Rethinking Private Foundations

By |August 22nd, 2017|

Should private foundations in America only be required to give away 5% of their total value each and every year? And should these same foundations be allowed to use a portion if not all of their 5% requirement on overhead operations, salaries, and other expenditures whereby no real money actually goes towards any public benefit for society? Clearly, some private foundations give way above the annual 5% requirement, which then allows them to not give in following years as they utilize the carry forward rule. Should all of these rules and regulations and laws be reviewed in the 21st [...]