Many people want to start foundations, but few start out knowing exactly what sort of organization they are going to create. The purpose of this e-book is to help potential donors understand the many different entities that are commonly referred to as foundations and to provide an understanding of the legal framework necessary to establish a foundation.
This chapter discusses the federal tax laws governing supporting organizations. As a result of the Tax Reform Act of 1969, private foundations receive considerably less favorable treatment under tax law than public charities. Supporting organizations are a hybrid of private foundations and public charities that generally enjoy more favorable tax treatment than private foundations because they are exempt from many of the excise taxes imposed on private foundations.
The Complete Guide brings together and updates the information, guidance, and tips found in Grantmaking Basics I and II with more essential tools for grantmakers.
The Giving Family offers parents dozens of simple family activities to teach children of any age how to give their time, their talents, and (yes!) their money to people and causes they care about
The Council on Foundations and Foundation Center analyzed how US foundations supported international communities, non-profits, and programs between 2011 and 2015 for our report, The State of Global Giving by U.S. Foundations: 2011-2015. In addition to a detailed analysis of trends by issue area, geographic region, population group, and donor strategy, this analysis also relates these trends to key events and developments, including the adoption of the Sustainable Development Goals, the spread of Ebola in West Africa, and the increasing legal restrictions faced by civil society in countries around the world.
This chapter of Mastering Foundation Law describes the IRS audit process for exempt organizations, including private foundations; highlights current areas of enforcement focus; and discusses the value of formal legal opinions for private foundations and their managers.