Get Grant Making Right

Private foundations in the United States donated about $1.38 billion in grants to individuals in the last five years.1 But extensive regulatory requirements governing grants to individuals mean that such largess should be accomplished cautiously. Counsel to private foundations need to know the portion of the taxable expenditure rules under Internal Revenue Code Section 4945 that governs grants to

Private foundations in the United States donated about $1.38 billion in grants to individuals in the last five years.1 But extensive regulatory requirements governing grants to individuals mean that such largess should be accomplished cautiously. Counsel to private foundations need to know the portion of the taxable expenditure rules under Internal Revenue Code Section 4945 that governs grants to individuals. Doing so can help guard against the excise tax traps into which private f

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