Summary of Requirements for Type I and Type III Supporting Organizations - A Proposed Rule by the Internal Revenue Service on 2/19/2016

On February 19, 2016, the Treasury Department and the Internal Revenue Service issued proposed regulations regarding the prohibition on certain contributions to Type I and Type III supporting organizations and the requirements for Type III supporting organizations. 

The Council is leading the foundation field’s review and analysis of the proposed regulations. Please email govt@cof.org with how supporting organizations are valuable to your foundation. Your input will be reflected in our analysis and in the comments we submit to the Treasury Department.