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Jack Mintz: Welcome to the world of creative funding for public works

A foundation to finance the renovation of 24 Sussex Drive makes sense but will trigger tax credits and may reduce gifts to other causes

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Deeply indebted governments are looking for creative ways to cover the budgetary cost of their spending. One approach, instead of soaking taxpayers with more taxes, is to use a foundation and allow private donors to contribute to the cost of building public works. At least, that’s the idea.

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