United States

Public charity grant-making: Protecting tax-exempt status

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It is not unusual for U.S. public charities that provide grants to overseas charitable and noncharitable organizations to face challenges in meeting the IRS requirements for tax-exempt entities. When making grants overseas, a U.S.-based exempt organization should ensure it has systems in place to support proper documentation for the use of funds intended for charitable purposes.

In our white paper, Public charity grantmakingProtecting tax-exempt statusa review is provided of the regulations and best practices for foreign operations of U.S.-based public charities including the following focus area

  • Charitable organizations and contributions, defined
  • Documenting distributed funds
  • Documenting the dispersal of grants
  • Documentation on grantees
  • Vetting grantees and employees
  • The impact on tax-deductible contributions
  • Rev. Rul. 63-252
  • Rev. Rul. 66-79
  • Taxable expenditure rules to be considered
  • The Importance of documentation

AUTHORS


Contact

Bob Billig 
Partner
National Practice Leader
866.239.8790

EMAIL US

Capabilities

Muse Newsletter
A bi-monthly publication dedicated to providing ideas and education to tax exempt organizations.

RSM MarketPrism
Provides organizations with valuable benchmarking information on a real-time basis.