Article Archives >> Ready Reference >> Supplement # 5
Preview of Article:
Outflanking Foundations’ Public Charity Defense
Private foundations may make grants to groups which are not public charities if they exercise "expenditure responsibility" in approving, monitoring grants
Excerpt:
Although most private foundations are uncomfortable making expenditure
responsibility grants, they clearly have the power to do so and in the
right circumstances may be convinced that it is appropriate.
Even if they do not make the grant directly, it may be possible to convince them to use a conduit through a public charity like a community foundation.
It is an important power that ought not be overlooked.
Article Archives >> Ready Reference >> Supplement # 5
