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.

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.