May 29, 2003
Congress Considers Easing Rules on Foundation Stock Holdings
Washington
In a move that has received little attention, Congress is considering whether to require some foundations to distribute as much as 12 percent of their assets annually. In exchange for giving considerably more than the 5 percent that foundations are now required to award, the foundations would be allowed to follow less-stringent rules on holding publicly traded stock than other grant makers.
The action comes as members of the House of
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