A business can generate goodwill through its philanthropic efforts, and such efforts can be good for business. For instance, the IRS has made clear that foundation expenditures that raise awareness of charitable causes can incidentally enhance the general reputation or prestige of its sponsoring company and this would not be an act of self-dealing. A foundation’s program that generates business or results in an economic benefit for the company, however, regardless of charitable intent, will likely violate the self-dealing rules.
In-Depth knowledge on FAQ
Frequently asked questions about the Council's Grantmaker Salary and Benefits Survey and Report.
Access to legal aid services can be essential to addressing your community's needs.
Frequently asked questions about legal basics and anti-terrorism.
Frequently asked questions about disqualified persons for donor advised funds and sponsoring organizations under the intermediate sanctions rules of the PPA.
Frequently asked questions about deductibility requirements for gifts to donor advised funds.
Raising money for community needs is the central function of community foundations. No surprise, then, that we receive more questions about fundraising than about any other topic. Following are some common inquiries we receive by telephone and e-mail and the replies we give.
Frequently asked questions about payments from donor advised funds.
Frequently asked questions about private foundation rules for making grants to supporting organizations.
Frequently asked questions about matching gifts.