Thursday, September 30, 2004

FNC | Commentary

FNC | Commentary: "Commentary
Shifting into Foundation Overdrive
Grantmakers' singular focus on payout as usual won't take the sector where it needs to go.
by Jed Emerson
Last year, there was a great debate regarding the payout level of U.S. foundations. Federal legislation, H.R. 7, was introduced, which stipulated that administrative expenses would no longer be counted against that annual payout.
Then the legislation stalled and the so-called threat to foundations faded. But guess what? The problem remains. On June 22, public hearings began on the role of nonprofits in American society. A follow-up roundtable was held July 22, and we can be sure the question of what role American foundations play will be raised once again when Congress returns from recess."

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