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Foundations: Free those Assets!
August 20, 2010; Wall Street Journal | A New York-based philanthropist is advocating for an increase of the 5 percent foundation payout minimum, or alternatively for a “sunset clause” that would require foundations to spend down within a predetermined span of time.—Ruth McCambridge
How Tax Exempt Are You?
August 18, 2010; Huffington Post | Municipalities throughout Illinois are looking at nonprofit property owners as potential sources of tax revenues.—Rick Cohen
British Adoption Agency Told It Can’t Discriminate Against Gays
August 19, 2010; mirror.co.uk | Catholic Care, which had asked for exemption from the United Kingdom’s equality laws, now says it may be forced to close its adoption services rather than change its policies.—Bruce Trachtenberg
Taxman Wants to Collect from Church That Closed
August 19, 2010; Boston Globe | The town of Whitman, Mass., sent the local Baptist church the first tax bill it has ever received in 188 years.—Bruce Trachtenberg
WGBH Hopes to Make Cuts and Restructure Jobs
August 19, 2010; Boston Globe | In the past year the nationally prominent public radio and television broadcaster’s endowment has fallen from $64 million to $57 million.—Ruth McCambridge
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See What a Buck Can Buy
August 18, 2010; The Gazette | A commission charged with figuring out the future of Colorado City’s city-owned Memorial Health System has been asking other cities about their experience converting from public to nonprofit hospital status.—Rick Cohen
Right Meets Left—Either Way Watch Out for the Taxman
August 19, 2010; Chico News Service | It was sort of inevitable that far right wing and far left wing elements of the political spectrum would come full circle and meld into a gelatinous ideological union at their intersection.—Rick Cohen
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