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LETTERS TO THE EDITOR
How long should foundations live?
To the Editor:
Leslie Lenkowsky's essay ("A Question Not on the Agenda: How Long Should a Foundation Operate?," May 3) suggesting limitations on the life span of charitable foundations and trusts is worthy of consideration, although it is unclear which group would come forward to champion such a regulatory change.
The early drafts of the 1969 Tax Reform Act had a...