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Payout Proposal Doesn't Consider the Long Haul
By Vincent StehleSoon after Labor Day, lawmakers will consider one of the most sweeping pieces of philanthropy legislation in years, the Charitable Giving Act of 2003. Amid the rancorous debate that has erupted over that bill's attempt to change the rules governing how much foundations give away, a key question has been ignored: Will the legislation end up stifling giving...