October 8, 1998
House Passes Tax Break for Foundation Donors
The House of Representatives has approved a tax bill that includes a key break for donors who give appreciated stock to private foundations.
The bill, which contains $80-billion in tax cuts over the next five years, would make permanent a tax break for donors who want to use appreciated stock to set up or supplement private foundations. In addition, the legislation would make it much easier for the public to get information about foundations'
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
Get more great stories about the nonprofit world delivered to your inbox every weekday. 
