How Public is Private Philanthropy? by Evelyn Brody and John Tyler in pdf published by The Philanthropy Roundtable. The authors conclude that there is no basis in curent law for treating private foundations as public money to be controlled in their grants, say, by government action. The poor will have to look to the taxpayer, not the foundations for their entitlement programs. As a practical matter, if the government begins to treat foundation money as their money, fewer foundations will be set up. A foundation, if controlled in its grants by government, would be just another, more elaborate way to pay taxes. Why bother?
To level society, NCRP, we need a bigger bulldozer. Let's abolish, for example, intellectual property.
