Written Statements by Interested Individuals and Organizations on Treasurydepartment Report on Private Foundations Issued on February 2, 1965...

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220. lappuse - ... a power to control the investment of the trust funds either by directing investments or reinvestments, or by vetoing proposed investments or reinvestments...
400. lappuse - These Americans are the most peculiar people in the world. You'll not believe it when I tell you how they behave. In a local community in their country a citizen may conceive of some need which is not being met. What does he do ? He goes across the street and discusses it with his neighbor. Then what happens? A committee comes into existence and then the committee begins functioning on behalf of that need...
61. lappuse - In the case of any organization described in section 501 (c) (3) to which section 503 is applicable, exemption under section 501 shall be denied for the taxable year if the amounts accumulated out of income during the taxable year or any prior taxable year and not actually paid out by the end of the taxable year...
249. lappuse - The true cash value of property shall be that value at which the property would be taken in payment of a just debt from a solvent debtor.
433. lappuse - ... for one or more of the following purposes: (a) Religious, (b) Charitable, (c) Scientific, ( d ) Testing for public safety , (e) Literary, (/) Educational, or (g) Prevention of cruelty to children or animals.
25. lappuse - For purposes of this section, the term "prohibited transaction" means any transaction in which an organization subject to the provisions of this section— ( 1 ) lends any part of its income or corpus, without the receipt of adequate security and a reasonable rate of interest...
663. lappuse - This title does not affect actions against directors or stockholders of a corporation, to recover a penalty or forfeiture imposed, or to enforce a liability created by law; but such actions must be brought within three years after the discovery by the aggrieved party of the facts upon which the penalty or forfeiture attached, or the liability was created.
220. lappuse - This presumption may be rebutted only by clear and convincing proof that the power is not exercisable primarily in the interests of the beneficiaries.
25. lappuse - ... (4) makes any substantial purchase of securities or any other property, for more than adequate consideration in money or money's worth, from; (5) sells any substantial part of its securities or other property, for less than an adequate consideration in money or money's worth, to; or (6) engages in any other transaction which results in a substantial diversion...
33. lappuse - ... (3) are invested in such a manner as to jeopardize the carrying out of the charitable, educational, or other purpose or function constituting the basis for exemption under section 501 (a) of an organization described in section 501 (c) (3).

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