By Ryan J. Donmoyer Bloomberg News
Published: September 18, 2006
WASHINGTON When the Jewish Council for Public Affairs, a nonprofit group in New York, came out against repealing the U.S. estate tax in 2003, James Tisch was not happy.
Tisch, the chairman of Loews, was also chairman of United Jewish Communities, a group that helped fund the public-affairs council. His concern, he says: The group, which might be a loser if the tax is repealed, risked alienating its wealthy donors - the biggest winners from a repeal. 'It doesn't look particularly good for charitable organizations to be arguing something that's in conflict with what members of their board want,' Tisch said.
That is the dilemma facing charities, universities, museums and other groups that rely on donations as Republicans in the United States consider another vote as early as this week on permanently reducing the tax. Most of the organizations are following Tisch's advice, keeping mum on the issue in deference to their most generous patrons, the very wealthy who often serve on their boards.
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