Description of Income Tax Provisions Relating to Private Foundations: Scheduled for Hearings Before the Subcommittee on Oversight of the Committee on Ways and Means on June 27, 28, and 30, 1983U.S. Government Printing Office, 1983 - 26 pages |
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Page 8
... foundations from holding or investing in assets which produced no current income , such as undeveloped land . As a result , while the donor to the foundation would receive an immediate charitable deduction on making a gift of nonproduc ...
... foundations from holding or investing in assets which produced no current income , such as undeveloped land . As a result , while the donor to the foundation would receive an immediate charitable deduction on making a gift of nonproduc ...
Page 13
... foundation grants to individuals or to organizations other than public charities . Grants to individuals In the case ... donor foundations insurers or guarantors of the activities of donee organizations , and set forth guidelines under which ...
... foundation grants to individuals or to organizations other than public charities . Grants to individuals In the case ... donor foundations insurers or guarantors of the activities of donee organizations , and set forth guidelines under which ...
Page 14
... support that results in the organization's loss of classification as a publicly supported organization . In general , the donor foundation will not be considered responsible for or aware of such a change in support ( and hence may rely ...
... support that results in the organization's loss of classification as a publicly supported organization . In general , the donor foundation will not be considered responsible for or aware of such a change in support ( and hence may rely ...
Page 15
... foundation ( 1 ) purchases property from a sub- stantial donor at a fair price , but does so in order to provide funds to the donor who needs cash and cannot find a ready buyer ; ( 2 ) lends money to the donor with adequate security and ...
... foundation ( 1 ) purchases property from a sub- stantial donor at a fair price , but does so in order to provide funds to the donor who needs cash and cannot find a ready buyer ; ( 2 ) lends money to the donor with adequate security and ...
Page 23
... foundation managers or the designated public char- ities ) . These public charities are sometimes referred to as ... donor foundation as qualifying distributions in sat- isfaction of the section 4942 payout rules , while grants to ...
... foundation managers or the designated public char- ities ) . These public charities are sometimes referred to as ... donor foundation as qualifying distributions in sat- isfaction of the section 4942 payout rules , while grants to ...
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Common terms and phrases
1965 Treasury Report 1969 in effect 1969 Tax Reform 50 percent act or failure addition adjusted gross income amount apply arm's-length standards capital-gain property charitable organizations charitable programs charitable purposes combined holdings community foundation Cong Congress concluded contributions to public corporation dation Declaratory Judgment disqualified persons donee organization donor foundation enacted erally exceed excise tax sanctions exempt organization exempt purposes exempt status exercise expenditure responsibility expenditure responsibility requirements Explanation of 1969 foundation managers foundation's governing gross income H.R. Rep imposed Internal Revenue Service jeopardizing investments law Code sec nonexempt trust organiza penalties percentage limitations Present law Code prior law prior-law rules private foun PRIVATE FOUNDATION RULES private foundation status private nonoperating foundations private operating foundations publicly supported organization qualifying distributions Revenue Act section 4942 payout self-dealing transaction Subcommittee substantial contributors supra n.3 Tax Reform Act tax-exempt status taxable tion Treas trusts or funds violation voting stock