{"title":"Foundation's Grants to City's Supporting Organization Ruled Qualifying Distributions","authors":"","doi":"10.1002/npc.30921","DOIUrl":null,"url":null,"abstract":"<p>The IRS issued a ruling holding that a private foundation's proposed grants to a supporting organization, formed for the benefit of a city, will constitute qualifying distributions and not taxable expenditures (Priv. Ltr. Rul. 202137007).</p>","PeriodicalId":100204,"journal":{"name":"Bruce R. Hopkins' Nonprofit Counsel","volume":"38 11","pages":"4-6"},"PeriodicalIF":0.0000,"publicationDate":"2021-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Bruce R. Hopkins' Nonprofit Counsel","FirstCategoryId":"1085","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/npc.30921","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
The IRS issued a ruling holding that a private foundation's proposed grants to a supporting organization, formed for the benefit of a city, will constitute qualifying distributions and not taxable expenditures (Priv. Ltr. Rul. 202137007).