Writing Off Ideas: Taxation, Foundations, and Philanthropy in America (Independent Studies in Political Economy)
Randall G. HolcombeISBN: 0765800136;
In the twentieth century, tax-exempt foundations have grown substantially, both in their financial importance and in the scope of their activities. This challenging book examines the economic, cultural and intellectual implications of tax-exempt organizations. How do various tax laws influence foundations and what types of ideas do foundations produce? How do the activities of foundations relate to the interests and intentions of their founders? Does the economic management of foundation assets serve thepublic good, or would such assets be better employed through the private sector? Around the turn of the century, individuals who had amassed substantial wealth wanted to direct some of it toward activities that would further the public interest. Their individual motives may have varied. John D. Rockefeller was interested in deflecting public criticism by using his wealth to further the public interest. James B. Duke, who endowed Trinity College in North Carolina, wanted to enshrine...
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