How ironic, then, that Congress, which unsuccessfully attempted to lift the arms embargpo against the Bosnian Army, now seems eager to embrace an insidious bill--called the Immigration in the National Interest Act, drafted by Representative Lamar Smith, of Texas--that would severely restrict grants of political asylum.
In interviews, foundation officials partly blamed the 2008 recession and difficulties in getting donors to provide operating support rather than restricted grants for specific programs for the deficits.
This work was financed by a restricted grant fromf Serumwerke Bernburg, Bernburg, Germany.
Conservative pundits, who have long tolerated soft money but never liked political advocacy for the down and out, believe foundations should restrict their grants to faith-based palliative charities.
Executive compensation committees are using cash bonuses, restricted stock grants and phantom stock grants to replace stock purchases financed with loans, says William Neff, a tax lawyer with Hogan & Hartson in Washington, D.C.
Many foundations restrict their grant-making geographically, often to the donor's hometown or region.
Lawyers said they had not heard of court rulings in other states that appeared to restrict the granting of anonymity to sellers at auction.
The planned changes would not restrict what grant recipients can do as long as potential conflicts of interest are reviewed and managed.
"The Obama administration has been trying to restrict Pell Grant eligibility at for-profit colleges that have really poor outcomes for students," he said.
In the current environment, restricted stock grants, for example, may be preferable to option grants, given that stock grants will align director and shareholder interests more directly and avoid the perception that option grants may encourage directors to support more aggressive risk-taking on the part of management to maximize option values.
"If we're heading to full-value restricted stock grants, we may be going to a worse place than we were with options, because those grants may be less sensitive to actual performance".
