Grants to and from Private Foundations

While many private foundations are registered 501(c)(3) charities, depending on what type it is (e.g., private non-operating, operating, exempt operating foundation), a grant to that private foundation may be prohibited under the tax code. Or is a private foundation seeking to make a grant to your charity for purposes of satisfying its annual distribution? For these and other matters pertaining to grants to and from private foundations, continue on here.

In-Depth knowledge on Grants to and from Private Foundations

Fiscal sponsorship provides a valuable tool for charitable entrepreneurs to realize their vision by working with an established charity that takes in tax-deductible donations and private-foundation grants to fund their charitable activities. This chapter of Mastering Foundation Law: The Council on Foundations Compendium of Legal Resources focuses on the basic elements of fiscal sponsorship, the predominant models and their relative advantages and disadvantages, and the mechanical aspects involved.

The legal and tax implications for community foundations accepting donations from private foundations, and qualifying distributions of taxable expenditures. Additional insight into converting a private foundation into a supporting organization of a community foundation.