Home > Journals > Michigan Law Review > MLR > Volume 63 > Issue 1 (1964)
It is the purpose of this article to evaluate the major points of the first, and main, installment of Congressman Patman's Report in the light of existing Internal Revenue Code provisions, Treasury regulations, and the more significant federal court decisions and Internal Revenue Service rulings. While the Report itself is more inclusive, space limitations dictate that this article be confined to section 501(c)(3) organizations-chiefly foundations, tax-exempt funds, and charitable trusts. Although the writer will strive to be objective, it is difficult to avoid some of the political gloss in which the Report is cast and impossible to discuss the ramifications of the Report without wallowing in the cross-currents of public policy.
John E. Riecker,
Foundations and the Patman Committee Report,
Mich. L. Rev.
Available at: https://repository.law.umich.edu/mlr/vol63/iss1/5