Full title: Helping Charities, Sustaining Foundations: Reasonable Tax Reform Would Aid America's Charities, Preserve Foundation Perpetuity and Enhance Foundation Effectiveness and Efficiency (1st of 3 Reports on Sec. 105)
Published: June 2003
(1st of 3 Reports on Sec. 105 of H.R. 7, The Charitable Giving Act)
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The first report of three, "Helping Charities" explores the reform that would end foundations’ rampant practice of counting much of their own administrative costs toward their annual charitable spending obligations. NCRP suggests that private foundations can afford to devote up to an additional $4.3 billion annually to nonprofits while sustaining themselves, which supports a provision in a bipartisan charity aid bill in Congress, Sec. 105 of H.R. 7, that would help foundations focus their required charitable spending almost entirely on grants.
