Regulating European grant-making foundations. Lessons from the USA experience?

Gian Paolo Barbetta, Luca Colombo and Gilberto Turati ()

Journal of Policy Modeling, 2015, vol. 37, issue 5, 763-781

Abstract: Grant-making foundations are private institutions that distribute their income to deserving organisations. In the USA, they enjoy fiscal incentives, but have to comply with complex rules securing that incentives are well deserved. In contrast, European countries have an embryonic legislation. This paper investigates whether the different tax rules adopted in the USA for independent and community foundations influence the grant-making behaviour of these organisations. Our econometric investigation underlines the existence of a large heterogeneity in the activities of both types, suggesting that the introduction of new regulations could benefit from a careful analysis of the nature and the features of these organisations.

Keywords: Community foundations; Independent foundations; Minimum Payout Requirement; Public Support Test; Grant-making behaviour (search for similar items in EconPapers)
JEL-codes: H39 K29 L31 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:37:y:2015:i:5:p:763-781

DOI: 10.1016/j.jpolmod.2015.07.001

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