Public charities vs. private foundations: a practical guide.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on December 1, 1992. The length of the article is 1342 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Congress divided groups organized under IRC 501(c)(3) into two classes in 1969, public charities and private foundations. Of the two, most organizations prefer to qualify as public charity because of the beneficial tax status they enjoy. IRC 170 establishes certain classes which automatically qualify for public charity status, and two tests for those not so specified. Contribution limitations, excise tax status and other qualifying factors are also presented.

Citation Details
Title: Public charities vs. private foundations: a practical guide.
Author: Forrest G. Lewis
Publication:The Tax Adviser (Magazine/Journal)
Date: December 1, 1992
Publisher: American Institute of CPA's
Volume: 23 Issue: n12 Page: 817(3)

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