Private foundations and public charities--definition and classification /

Private foundations and public charities--definition and classification /

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Bibliographic Details
Author / Creator:	Cesare, Lauren Watson.
Imprint:	Arlington, VA : Tax Management, [©2000]-
Language:	English
Series:	Estates, gifts, and taxes portfolios ; 456 Tax management portfolios ; 456.
Subject:	Charitable uses, trusts, and foundations -- Taxation -- United States.
Format:	E-Resource Journal
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/5669660

Hidden Bibliographic Details
Other authors / contributors:	Tax Management Inc.
Frequency:	Updated irregularly
Notes:	Published as Estates, gifts and trusts portfolio 876, -2012. Formerly published in Washington, D.C., 2000-2007. Title from title screen (viewed June 7, 2012). Includes bibliographical references.
Summary:	" ... discusses the definition and classification of private foundations and public charities. Under [section] 509, enacted by The Tax Reform Act of 1969, certain [section] 501(c)(3) organizations (charitable, educational, religious organizations) are classified as private foundations. Organizations classified as private foundations are subject to restrictions and requirements in addition to those applicable to exempt charities generally. Under [section] 4942(j)(3), also added by the 1969 Tax Reform Act, certain private foundations, known as private operating foundations, are exempted from some of those burdens placed on private foundations. Those private operating foundations, known as exempt operating foundations, are exempt from the [section] 4940 tax on investment income as well. Certain non-operating private foundations also receive special treatment."
Other form:	Print version: Cesare, Lauren Watson. Private foundations and public charities--definition and classification. Arlington, VA : Tax Management, ©2012-

Table of Contents:

Detailed analysis. Introduction
Organizations subject to classification
Advantages and disadvantages of public charities and private foundations
Scope of [section] 509
Public charity status based on activities: Section 509(a)(1) organizations
Publicly supported organizations
Section 509(a)(2) organizations
Section 170(b)(1)(A)(vi) organizations
Community trusts
Donor-advised funds
Supporting organizations: Section 509(a)(3)
Section 509(a)(4) organizations
Private operating foundations
Special private nonoperating foundations
Foreign exempt organizations
Nonexempt charitable trusts
Working papers.