The BNN Tax-Exempt Organizations Blog

Posts tagged Supporting Organizations

Read More

Section 509(a)(3) Supporting Organizations

In December of last year, the IRS issued final and temporary regulations impacting Type III supporting organizations.  The new Regulations significantly alter the landscape which both functionally and non-functionally integrated supporting organizations must navigate in order to maintain their public charity status.  The new regulations are effective for all tax years beginning after December 28, 2012 and this has led many organizations to proactively change their public charity status prior to the end of this current tax year.

Read More

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.