Senate Measure Seeks to Spur Foundations to Give More

The excise tax, Mr. Collier noted, is the only tax on nonprofit groups. The revenue it generates was intended to support the Internal Revenue Service’s oversight of tax-exempt organizations. In fact, however, only $87.8 million of the more than $600 million that the tax raised last year was spent for that purpose, the rest going to finance government operations at large, the Council on Foundations says.