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" In order to ensure that such grants will be properly used by the recipient for charitable purposes, the grantor must make reasonable efforts, and establish adequate procedures, to see that the grant is spent solely for proper uses, to obtain full reports... "
Description of Tax Bills (S.1857 and S.2165): Scheduled for a Joint Hearing ... - Page 8
1984 - 13 pages
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Tax Reform Act of 1969: Report to Accompany H.R. 13270, Together with ...

United States. Congress. Senate. Committee on Finance - 1969 - 352 pages
...tingfoundation assumes "expenditure responsibility." Under this requirement, the granting foundation must make reasonable efforts and establish adequate procedures to see that the funds are spent for the purposes of the grant, obtain full and complete reports as to how the funds...
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Description of Tax Bills (S. 146, S. 1332, S. 1758, S. 1809, and S. 1857 ...

1983 - 36 pages
...change in the donee's status. Exemption from expenditure responsibility requirements Under present law, a private foundation must exercise "expenditure responsibility"...from the grantee, and to make full reports to the IRS on the grants (sec. 494500). The bill would provide that a private foundation is not required to...
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Description of Income Tax Provisions Relating to Private Foundations ...

United States. Congress. Joint Committee on Taxation - 1983 - 34 pages
...public charities, the private foundation must exercise "expenditure responsibility" over the grant. To ensure that such grants will be properly used by...reports to the Internal Revenue Service on the grants. There is no exception in present law from the expenditure responsibility requirements for grants below...
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Foundation Management: Innovation and Responsibility at Home and Abroad

Frank L. Ellsworth, Joe Lumarda - 2003 - 337 pages
...Expenditure responsibility requirements obligate the foundation to exert all reasonable effort and to establish adequate procedures to see that the grant is spent solely for the purpose for which it was made, to obtain full and complete reports from the grantee on how the...
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