Category Archives: Private Foundation

IRS 2012 Work Plan – What’s New for Nonprofits

Posted on February 27, 2012 by Ellis Carter • 2 Comments

Each year, the IRS publishes a report detailing what its focus will be regarding nonprofit organizations and compliance during the year to come. The following are some of the highlights from the 2012 Exempt Organizations Work Plan.… Continue Reading

Filed Under: Disaster Relief, Foreign Aid, Form 990, Governance, I.R.S., Nonprofit Campaign Activiites, Private Foundation, Unrelated Business Income Tax

What is a Private Foundation?

Posted on June 25, 2010 by Ellis Carter • 1 Comment

The defining characteristic of a private foundation is donor control. Private foundations are usually privately created, funded, and operated by a single individual, family, or company. As a result, private foundations are generally not dependent upon the support of outside donors and are therefore not subject to the same degree of public scrutiny as public charities that depend on outside funding for their survival. … Continue Reading

Filed Under: Private Foundation

Nonprofit Law Jargon Buster – Public Support Test

Posted on October 28, 2009 by Ellis Carter • 3 Comments

As discussed in last week’s Nonprofit Law Jargon Buster, there are some organizations that are, by their very nature, considered “public.” These include churches, schools, and hospitals. Other types of charitable organizations must pass one of two mathematical tests calculated on a four year rolling average to qualify is public. … Continue Reading

Filed Under: Private Foundation, Public Charity, Public Support Test, Unusual Grant

Nonprofit Law Jargon Buster: Private Foundation v. Public Charity

Posted on October 19, 2009 by Ellis Carter • 4 Comments

Generally, ever since 1968, Section 501(c)(3) organizations have been divided into two categories for tax purposes: public charities and private foundations. Public Charities.Public charities generally depend on outside funding. Some organizations, including churches, schools, and hospitals, are, by their very nature, considered “publicly supported.” Other organizations must pass one of two mathematical public support tests… Continue Reading

Filed Under: Private Foundation, Public Charity