Private Foundations
Tax Law and Compliance
Chapter One
Introduction
to Private Foundations
§1.1 Private Foundations: Unique
Organizations 1
§1.2 Definition of
Private Foundation 6
§1.3 History and Background 7
§1.4 Foundations in Overall Exempt
Organizations Context 11
§1.5 Definition of Charity 12
§1.6 Operating for Charitable
Purposes 13
§1.7 Organizational Rules 17
§1.8 Private Foundation Sanctions 19
§1.1 PRIVATE FOUNDATIONS: UNIQUE ORGANIZATIONS
There are well in excess of one million tax-exempt charitable organizations in the
United States, yet only about 75,000 of them are classified, for federal tax purposes, as
private foundations. This fact alone-this isolation of foundations purely for purposes
of government regulation-makes private foundations un ... read full excerpt from: Private Foundations: Tax Law and Compliance ebook
