Council-Treasury Correspondence on International Grantmaking
The Equivalency Determination process for making international grants, used primarily by private foundations as an alternative to expenditure responsibility, is articulated in IRS Revenue Procedure 92-94. That ruling allows private foundations to rely on an affidavit from the foreign grantee organization, prepared for the grantor charity or for another grantor, that the grantee is the equivalent of a public charity under U.S. tax law.
Council Letter to Treasury
Urges Treasury to Keep Updates to Revenue Procedure 92-94 (Equivalency Determination) on 2012-2013 Guidance Priority List
April 12, 2012