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Currently, private universities are exempt from the tax that private foundations pay on their investment income.
Either way, nonprofit groups like foundations pay the initial money for a new program and also oversee it, with government approval.
And Columbia will provide some of the office space for the Initiative for Policy Dialogue, a project that foundations pay for and Mr. Stiglitz directs.
Foundations pay an estimated $430 million in excise taxes a year, according to the Council on Foundations, a Washington association of foundations and corporate-giving programs.
Including supporting organizations, community foundations pay out 7.4percentt of assets each year, compared with the 5percentt required for private foundations.
Though no one tracks the number of foundations that pay the lower tax, the proposal is generally expected to result in less tax revenue, suggesting that a greater number of foundations pay the higher rate.
Similar(51)
In 2005, only the two largest foundations paid them fees at all, according to tax forms.
Dutch records also show that two American foundations paid for Mr. Wilders's flights and hotels on trips to the United States last year.
AnnieCannons has numerous clients, including small businesses that need web development, private foundations paying for complex software platforms, and well-known technology companies outsourcing data entry.
Members of the foundation pay $50 a month each to sponsor 42 of Dr. Mayo's students, according to its chief executive, Paco Wertin.
The foundation pays the rest.
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