Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
2Activity
0 of .
Results for:
No results containing your search query
P. 1
Tax Exempt Foundations Their Impact on Our Economy-US Gov-1962-140pgs-GOV-POL-ECO

Tax Exempt Foundations Their Impact on Our Economy-US Gov-1962-140pgs-GOV-POL-ECO

Ratings: (0)|Views: 115 |Likes:
Published by Felecan Paul

More info:

Published by: Felecan Paul on Jan 09, 2012
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

07/17/2013

pdf

text

original

 
92020
[COMMITTEEPRINT]
TAX-EXEMPT FOUNDAfONS AND
CHARITABLE TRUSTS
: THEIR IMPACT
ON OUR ECONOMY
CHAIRMAN'S REPORT TO THE SELECT COMMITTEE ON
SMALL BUSINESS
HOUSE OF REPRESENTATIVES
87TH CONGRESS
DECEMBER 31, 1962
Printed for the use of the Select Committee on Small Businessof the House of Representatives
U
.S
. GOVERNMENT PRINTING OFFICE
WASHINGTON
:
1982
For sale by the Superintendent of Documents, U
.S
. Government Printing OfficeWashington 25, D
.C
.
-
Price 65 cents
 
SELECT COMMITTEE ON SMALL BUSINESS
WRIGHT PATMAN, Texas,
Chairman
YOEL
. EVINS, Tennessee
ABRAHAM J
. MULTER, New York
SIDNEY R
. YATES
. Illinois
TOM STEED, Oklahoma
JAMES ROOSEVELT, California
DALE ALFORD, Arkansas
WILLIAM M
. McCULLOCH, Ohio
ARCH A
. MOORE, JR
., West Virginia
WILLIAM H
. AVERY, Kansas
H
. ALLEN SMITH, California
HOWARD W
. ROBISON, New York
RALPH HARVEY, Indiana
BROOKS ROBERTSON,
Staff Director
HARRISON F. HOUGHTON,
Chief Economist
MARIE M
. STEWART,
Clerk
JEAN W
. FENDER,
Administrative Assistant
CHARLES S
. I3ELLER,
COUn
.Sel
JUSTINUS GOULD,
Counsel
GREGG R
. POTVIN,
Co'unSel
JOSEPH A
. SEELEY,Counsel
BARON I
. SHACELETTE,
Chief Inveetigator
KATHERINE C. BLACKBURN
.
Research Analyst
H
.
A
.
OLSHzR,
Director, Foundation
Studp
I
 
Page
Letter of transmittal
V
Chapter
I
. An immediate moratorium on foundation tax exemptionwould serve the best interests of the Nation
1
II
. 534 foundations paid out only 60 percent of their
aggregate receipts
51
III
. Assets of foundations have reached massive proportions_71
IV
. Unfinished business
129
V
. Recommendations
133
CONTENTS
TABLES
Schedule
1
. Gross receipts
: 534 foundations
212. Data regarding corporations in which certain foundations
failed to report their ownership of 10 percent or more ofeach class of the corporation's stock
38
(III)
Schedule
Page
3. Data regarding foundations' ownership of 10 percent or
more of any class of stock of any corporation, asreported on the Internal Revenue Service Form 990-A
(per Instruction 7, p
. 4, Form 990-A)
47
3A
. Expenses and disbursements: 534 foundations
534
. The Ford Foundation-List of notes receivable as of
February 1, 1962, representing participations in privateplacements
83
5
.
Assets
: 534 foundations
866. Liabilities, net worth, and accumulation of income
: 534
foundations
1147. State-by-State breakdown
: 534 foundations-number offoundations under study
; total receipts
; expenses pluscontributions, gifts, grants, scholarships, etc
., totalassets, total net worth
135

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->