1969 Private Foundation Law: Historical Perspective on Its Origins and Underpinnings

The Tax Reform Act of 1969 contains major provisions that affect the way private foundations do business. In this paper, Thomas A. Troyer, an attorney who collaborated with the Council as Congress developed the law, recalls what motivated Congress to place severe restrictions on private foundations and reviews the process of shaping the private foundation legislation and its eventual passage.

2000, 29 pages