Article Archives >> Ready Reference >> November 2001
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Private Operating Foundations
Are Hybrids
Organizations which are not publicly supported but use most of their
assets and income in the active conduct of their charitable activities
avoid some private foundation limitations.
Most charities exempt under Section 501(c)(3) of the Tax Code are classified either as publicly supported organizations, including churches, schools, hospitals, social service or healthcare organizations and cultural groups, or as private foundations, which are usually endowments making grants to other charities. Private foundations must function under significantly more stringent limitations, and organizations would usually rather qualify as publicly supported.
Article Archives >> Ready Reference >> November 2001
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