Things to do NOW – “An Ounce of Prevention...”
Public foundations are grantmaking public charities that gain their funds from a variety of sources, which may include foundations, individuals, corporations, or public entities. Public foundations may engage in fundraising, and may seek broad public financial support. They may or may not have endowments. There is no legal definition of a public foundation, but most dedicate a significant portion of their annual budgets to grantmaking. Most community foundations are also grantmaking public charities.
Since public foundations may be defined in different ways, and there is no official IRS or legal definition of public foundations, it is difficult to arrive at statistics that are fully representative of the field.
Below is everything on our site for public foundations. You can use the filtering options on the right to narrow these results.
Grantmakers searching for more detailed information about the charitable status of their potential grantees may find the answers they need in the IRS’ Select Check tool.
This IRS online search tool allows the user to:
(1) search the IRS public charity list, known as IRS Publication 78, for data to determine if an organization is charitable,
(2) determine if an organization has filed a Form 990-N (required for smaller charities), or
September 24, 2012
Grantmakers should be advised that Hurricane Sandy is a “qualified disaster” for federal tax purposes. Under IRS rules, this means that employers may more easily assist employees affected by the disaster. Employers and their related foundations may make payments for reasonable and necessary personal, family, living, or funeral expenses, and reasonable and necessary expenses incurred for the repair or rehabilitation of a personal residence or its contents. Such payments will not be treated as taxable income to the affected employees.