Los Angeles Business Journal Online: "Corporations Make Donations Without Whole Explanation
By KATE BERRY and DAVID NUSBAUM
Los Angeles Business Journal Staff
At a time when regulators have forced companies to come clean with investors on many fronts, at least one area has largely escaped scrutiny � donations to charities.
Public companies get billions of dollars in tax breaks for charitable contributions, but the Securities and Exchange Commission does not require that the donations be disclosed to shareholders. And filings to the Internal Revenue Service are confidential."
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