Private foundations are exempt from federal income taxes but regulated more heavily than other charities, largely through the federal tax system. Various provisions of the Internal Revenue Code (the "Code") require foundations to:
Private foundations, like all other charities, must acknowledge contributions in writing to allow their donors to claim charitable deductions for income tax purposes.
It helps to understand the rationale behind the rules.
Day Pitney Press Release
Day Pitney Press Release
Day Pitney has pledged $5,000 to the University of Miami School of Law's Ray H. Pearson Memorial Scholarship Fund.
Day Pitney Press Release
Day Pitney Press Release
Day Pitney Press Release
Firm Ranked Tier 1 Nationally for Energy Law and Trusts and Estates Law
On October 3, Day Pitney LLP and the Association of Corporate Counsel (ACC), Northeast Chapter – Women's Initiative co-presented a program, "The Power of Women with Wealth," held at Day Pitney's Boston office.
Jennifer Pagnillo and Emily Belfer authored an article, "Disaster Relief: Guidance for Donors and Charities," which appeared in the July/August issue of Taxation of Exempts, published by Thomson Reuters.
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