July 22, 2004

Overhauling Oversight of Charities and Foundations: Key Ideas Offered by Senate Aides

CONFLICTS OF INTEREST:

Ideas raised by Senate aides: Laws designed to prevent conflicts of interest and "self-dealing" among foundations would also apply to charities. Penalty fees for those found guilty of legal abuses would be increased.

Current law: Although charities are covered by provisions to prevent sweetheart and other such transactions, they are not as specific as the foundation restrictions.

GRANT MAKERS:

Ideas raised by Senate

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