In the twentieth century, tax-exempt foundations have grown substantially, both in their financial importance and in the scope of their activities This challenging book examines the economic, cultural and intellectual implications of tax-exempt organizations How do various tax laws influence foundations and what types of ideas do foundations озумь produce? How do the activities of foundations relate to the interests and intentions of their founders? Does the economic management of foundation assets serve thepublic good, or would such assets be better employed through the private sector? Around the turn of the century, individuals who had amassed substantial wealth wanted to direct some of it toward activities that would further the public interest Their individual motives may have varied John D Rockefeller was interested in deflecting public criticism by using his wealth to further the public interest James B Duke, who endowed Trinity College in North Carolina, wanted to enshrine his family name How well do the foundations' activities match the intents of their founders? Writing Off Ideas examines these and related questions primarily by looking at specific examples as well as the overall impact of foundation practices economically and socially Non-profit foundations have grown because contributions to them are tax-deductible Federal estate taxes were established in 1916, and rose to as high as 25 percent (on estates over $10 million) during World War I The top rate was increased to 70 percent (on estates over $50 million) in 1935 Beginning in 1942, the top rate was raised to 77 percent on estates over $10 million, where it remained for decades The top rate is now 55 percent for estates over $3 million Does the tax law create organizations shielded from economic realities and true social needs, producing a self-indulgent, philanthropic subculture that often squanders resources, fosters questionable ideologies, and launches foolish, trendy crusades? What would be the impact of the flat tax, reduction or abolition of estate taxes, or proposals to change or mandate the amount given away each year? These issues are significant A large and accelerating percentage of wealth is being placed into foundations for tax purposes, and the expenditure of such wealth through non-profit organizations may or may not be socially beneficial Writing Off Ideas provides a comprehensive exploration of this vast sector of American Society An Independent Institute Book.  Переводчик:ISBN 0765800136.