Tax Exempt Org – Private Foundation

  • Creator
    Topic
  • September 25, 2015 at 10:10 pm #197178
    Lighthaven
    Participant

    Rule: Section 509 private foundations include all Code 501(C)(3) organizations, except:

    a. Max 50% charitable deduction donees

    b. Broadly publicly-supported organizations

    c. Supporting organizations

    d. Public safety organizations

    I understand everything but ‘a’. Can anyone explain to me what a “Max 50% charitable deduction donees” is?

    Thanks!

    AUD - 83
    REG - 81 (2x)
    FAR - 78
    BEC - 85

    And that's all she wrote.

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