The will directed the foundation to spend part of the fortune setting up a Chinese version of the Nobel Prize.
The law requires foundations to spend a minimum of just 5percentt of their assets a year, thus helping ensure their perpetual existence, and their donors' immortality.
I encourage right-wing foundations to spend lavishly on new translations of already translated classics of political philosophy.
The authorities accused the Alavi Foundation of spending millions of dollars to obtain and develop the properties, in violation of federal laws that ban trade with Iran.
The Poetry Foundation functions as an operating foundation, spending most of its money on its own activities rather than on grants.
He is one of a growing number of philanthropists whose foundations are spending increasing amounts and raising their voices to influence public policy — a marked shift from their traditional position.
A contribution to a foundation gets them an immediate tax deduction for the entire sum, but the foundation has to spend only 5% of its assets on charity each year.
An Iraqi-American activist whose foundation has spent much of the last decade devising visions of democratic rule for Iraq and lobbying for a war crimes trial of Saddam Hussein, will become the country's diplomatic representative in Washington, Iraqi political leaders said Saturday.
In my role as CEO of The Michael J. Fox Foundation, I spend a lot of time thinking about stem cells, because our Foundation believes that they are one promising avenue toward better treatments and a cure for Parkinson's disease.
They created a foundation that spent tens of millions in advertising.
"It teaches the shelters that old and uglies are not discards," said Richard Avanzino, the director of the foundation, which spent $3 million to subsidize the 3,104 adoptions.
