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The Pension Protection Act (PPA) was signed into law by President George W. Bush on August 17, 2006. The PPA was designed to improve pension plan funding requirements of employers, as well as 401(k), IRA, and other retirement plans. The PPA also included numerous provisions that affect charitable…
As executive vice president for strategic engagement at the Delaware Community Foundation, Hench leads the DCF’s community engagement work, including overseeing grantmaking and scholarship programs, facilitating public-private partnerships throughout the state, and driving the foundation’s…
Unintended Tax Consequences for Fortunate Morehouse College Students? There Could be a Fix for That.
What an incredible announcement on May 19 by billionaire and philanthropist Robert F. Smith who pledged to pay off the student loans of all 2019 Morehouse College graduates. How great for these students. However, as some observe, this incredible gesture of generosity may have a downside in the form…
Question: We are trying to decide how to structure our grants programs between our direct-giving program and our corporate foundation. Are there any general guidelines to help us?
Answer: Many factors influence how to allocate grantmaking programs between a corporate giving program and…
Community foundations that award scholarships and other grants to individuals from funds with donor involvement should be sure these funds comply with the requirements of the Pension Protection Act of 2006.
The PPA prohibits grants to individuals from funds that meet the fairly broad definition…
This page outlines the range of purposes that qualify an organization for tax exemption under section 501(c)(3) of the Internal Revenue Code. It explains how the IRS and courts interpret key terms — especially "charitable" — and how those interpretations shape eligibility.
Permissible Exempt…
New Virtual Format of Legal Matters for Corproate Foundations!
Register Today for this Limited Size Workshop!
Led by the Council on Foundations Legal Team and Lindsay Mason Lead Strategist of Corporate Philanthropy, this workshop is flexibly organized to ensure that your broad…
New Virtual Format of Legal Matters for Corproate Foundations!
Register Today for this Limited Size Workshop!
Led by the Council on Foundations Legal Team and Lindsay Mason Lead Strategist of Corporate Philanthropy, this workshop is flexibly organized to ensure that your broad…