Tax Boundaries For Community Foundations

With the rise of the commercial donor-advised funds (DAFs) during the past decade, traditional community foundations have sought to remain relevant by offering extra services to local donors and charitable organizations. A recent private letter ruling sets the parameters for what services community foundations can offer to local private foundations for a fee without incurring unrelated business income

With the rise of the commercial donor-advised funds (DAFs) during the past decade, traditional community foundations have sought to remain relevant by offering extra services to local donors and charitable organizations. A recent private letter ruling sets the parameters for what services community foundations can offer to local private foundations for a fee — without incurring unrelated business income tax (UBIT).

In PLR 200832027, issued Aug. 8, 2008, a community foundat

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