search query: @indexterm TAX LAW / total: 154
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| Author: | Sansing, R. Yetman, R. |
| Title: | Governing private foundations using the tax law |
| Journal: | Journal of Accounting & Economics
2006 : SEP, VOL. 41:3, p. 363-384 |
| Index terms: | tax law non-profit organizations foundations USA |
| Freeterms: | philantrophy governance |
| Language: | eng |
| Abstract: | This paper investigates two tax law provisions acting as governance instruments designed to regulate the behaviour of private foundations (hereafter as: priv-fnds - for foundation/s as: fnd./fnds). Tax return data is examined from a sample of priv-fnds. to determine the effects of the minimum distribution (as: dstn./dstns.) requirement (here as: m-d-r.) and the dual tax rate regime (as: d-t-r-r). The m-d-r. affects primarily the dstn. behaviour of fnds. no longer receiving donations, and growing more slowly compared to an average fnd. The d-t-r-r. has countervailing effects on dstns. by fnds., rewarding both higher levels of current dstns. and lower levels of prior year dstns. |
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