The BNN Tax-Exempt Organizations Blog

Posts tagged Expenditure Responsibility

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Expenditure Responsibility

You’re responsible for the grant making functions of a private foundation.  It’s getting close to year end and you have to complete the yearly grant payout cycle.  You have an idea of where you want to distribute funds and every organization on your list is a 501(c)(3) organization of some kind. You’re all set to distribute funds, right?  Well, not all 501(c)(3) organizations are built the same and granting funds to certain kinds may have significant and unforeseen tax consequences to both you and your organization.