A bill to amend section 4945(g) of the Internal Revenue Code of 1954 to make it clear that nothing in that provision authorizes the limitation of the grants awarded by a private foundation to a fixed percentage of the number of applicants for such grants.

[AI summary unavailable — showing source text] Revises the Internal Revenue Code to stipulate that the provision of the Code excluding individual grants from the taxable expenditures of a private foundation does not authorize the limitation of the grants awarded by a private foundation to a fixed percentage of the number of applicants for such grants.…