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De Omnibus Dubitandum - Lux Veritas

Monday, December 12, 2016

Big, Very Rich and Dangerous: Time to Rein in Private Charitable Foundations

Clarice Feldman

A few years ago, Mark Steyn sagely observed, “In America today, few activities are as profitable as a ‘nonprofit.’”  Nothing warrants changing that assessment now. President-elect Trump has a lot on his plate if he plans to turn around the ship of state. But if it’s not too presumptuous, I’d like to add one more item to his agenda: a substantial rewrite of the laws respecting our tax-exempt sector, reining in private foundations.  The Pew Charitable Trusts, now also in the hands of the left, not only pushed for the ill-conceived campaign finance reform, they manipulated the facts in an effort to get it passed....More

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