Monday, August 21, 2006
Legislation that would force foundations to direct at least half their giving to Michigan purposes is just bad public policy. The state shouldn't be legislating private donations. Public-private partnerships to advance philanthropy have long been valuable to Michigan causes.
The bill now before the Legislature would strip foundations incorporated here of their flexibility and threaten the creation of foundations and donations. Lawmakers must know that doesn't bode well for a state mired in its own recession."
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