Difference between revisions of "Foundations"
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| − | '''Foundations''' are legal entities that typically accrue assets tax-free and then distribute the assets to causes, often [[liberal]] ones. Many foundations were established by donors favoring free enterprise, only to find their assets were eventually taken over by directors having opposite intentions. | + | '''Foundations''' are legal entities that typically accrue assets tax-free and then distribute the assets to causes, often [[liberal]] ones. Many foundations were established by donors favoring free enterprise, only to find their assets were eventually taken over by directors having opposite intentions.{{fact}} |
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Revision as of 16:24, June 13, 2008
Foundations are legal entities that typically accrue assets tax-free and then distribute the assets to causes, often liberal ones. Many foundations were established by donors favoring free enterprise, only to find their assets were eventually taken over by directors having opposite intentions.[Citation Needed]