{ "id": "RS21603", "type": "CRS Report", "typeId": "REPORTS", "number": "RS21603", "active": false, "source": "EveryCRSReport.com, University of North Texas Libraries Government Documents Department", "versions": [ { "source": "EveryCRSReport.com", "id": 303623, "date": "2005-04-29", "retrieved": "2016-04-07T19:46:15.402029", "title": "Minimum Distribution Requirements for Foundations: Proposal to Disallow Administrative Costs", "summary": "Legislation introduced in the House ( H.R. 7 ) to provide tax incentives for charitable\ngiving includes provisions disallowing the counting of administrative costs as part of a minimum\ndistribution requirement for private foundations. The Ways and Means Committee has modified this\nprovision in reporting out the bill by restricting the types of administrative costs eligible. \n H.R. 7 was passed by the House on September 17, 2003. The issue of administrative\ncosts and minimum distributions has been the subject of a series of changes in the past, but currently\nthere are no restrictions other than that administrative expenses be reasonable. The principal\narguments for disallowing administrative costs in the minimum distribution requirement are to\ndiscourage excessive administrative costs and increase the level of grants. The principal objections\nare that the restriction would increase the tendency of current requirements to erode real asset values\nand that the restriction would be especially harmful for those grant objectives that require a\nsignificant amount of monitoring. The revision may deal in part with that last objection.", "type": "CRS Report", "typeId": "REPORTS", "active": false, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/RS21603", "sha1": "a315ffdd352638a9cf4e52cb237d111628607970", "filename": "files/20050429_RS21603_a315ffdd352638a9cf4e52cb237d111628607970.html", "images": null }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/RS21603", "sha1": "7616c8d6e56bc0fffc0ef0935bb3ee4ccc24cc82", "filename": "files/20050429_RS21603_7616c8d6e56bc0fffc0ef0935bb3ee4ccc24cc82.pdf", "images": null } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metacrs5475/", "id": "RS21603 2003-09-05", "date": "2003-09-05", "retrieved": "2005-06-12T07:56:10", "title": "Minimum Distribution Requirements for Foundations: Proposal to Disallow Administrative Costs", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20030905_RS21603_0ea0fbd91087977f3ec44cf674acf0ccbdf0718c.pdf" }, { "format": "HTML", "filename": "files/20030905_RS21603_0ea0fbd91087977f3ec44cf674acf0ccbdf0718c.html" } ], "topics": [ { "source": "LIV", "id": "Taxation", "name": "Taxation" }, { "source": "LIV", "id": "Foundations - Income distribution - Law and legislation", "name": "Foundations - Income distribution - Law and legislation" }, { "source": "LIV", "id": "Charitable contributions - Tax incentives - Law and legislation", "name": "Charitable contributions - Tax incentives - Law and legislation" }, { "source": "LIV", "id": "Social services", "name": "Social services" } ] } ], "topics": [] }