Regulating European grant-making foundations. Lessons from the USA experience?

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Date: September-October 2015
From: Journal of Policy Modeling(Vol. 37, Issue 5)
Publisher: Elsevier B.V.
Document Type: Article
Length: 210 words

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Abstract :

To link to full-text access for this article, visit this link: Byline: Gian Paolo Barbetta, Luca Colombo, Gilberto Turati Abstract: Grant-making foundations are private institutions that distribute their income to deserving organisations. In the USA, they enjoy fiscal incentives, but have to comply with complex rules securing that incentives are well deserved. In contrast, European countries have an embryonic legislation. This paper investigates whether the different tax rules adopted in the USA for independent and community foundations influence the grant-making behaviour of these organisations. Our econometric investigation underlines the existence of a large heterogeneity in the activities of both types, suggesting that the introduction of new regulations could benefit from a careful analysis of the nature and the features of these organisations. Author Affiliation: (a) Universita Cattolica del Sacro Cuore - Milano, Italy (b) Universita degli Studi di Torino, Italy Article History: Received 18 April 2015; Revised 14 May 2015; Accepted 28 July 2015 Article Note: (footnote) [star] Excellent research assistance from Chiara Donegani is gratefully acknowledged. We thank Roger Congleton, Peter Frumkin, as well as participants to the EPCS 2011 Conference (University of Rennes), the SIEP 2011 Conference (University of Pavia) and the ERNOP 2013 Conference (University of Riga) for helpful comments to preliminary versions. Usual disclaimers apply.

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Gale Document Number: GALE|A435104674