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Closing Up Shop: How to Successfully Shut Down a Private Foundation
Oleh:
McAllister, Brian P.
;
Yoder, Timothy R.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Journal of Accountancy vol. 210 no. 1 (Jul. 2010)
,
page 24-28.
Topik:
Terminating a Private Foundation
;
Calculation of the Termination Tax
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ85.29
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The precipitous drop in wealth in the United States during the 2008–2009 financial meltdown accelerated a trend of many private foundations’ considering closing their doors. Foundations gave 8.4% less in grants in 2009 from the year before, as the value of their assets fell by 17.2%. Between 2007 and 2008, the number of active foundations grew by only 0.5%, the lowest rate since 1981 (Foundation Growth and Giving Estimates, 2010 Edition, The Foundation Center). At least 147 private foundations had invested their assets directly in funds controlled by Bernard Madoff, and many may have been shut down as a result of Madoff’s admitted Ponzi scheme (see “Madoff and America’s (Poorer) Foundations,” by Nicholas Kristof, The New York Times, Jan. 29, 2009).
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