August 19, 2004
Keeping Greed Out of Philanthropy
Foundation donors, trustees, and managers are collecting hundreds of millions of dollars a year for services they provide to their foundations, even though Congress passed a law in 1969 specifically designed to make sure such foundation donors, their relatives, associates, and other "insiders" didn't use their philanthropies for private gain.
As more and more abuses of foundations are being uncovered, lawmakers need to take action to ensure that their intentions will be followed. They
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