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Private Foundations: Tax Law and Compliance (Wiley Nonprofit Authority)
Private Foundations Tax Law and Compliance - Wiley Nonprofit Authority Author:Bruce R. Hopkins A private foundation is a nonprofit organization having a principal fund managed by its own directors or trustees. Private foundations maintain or aid charitable, educational, religious, or other activities serving the public good, primarily through the making of grants to other nonprofit organizations. Most private foundations in the US are non... more »-operating foundations, also called grantmaking foundations, which primarily provide support to public charities, individuals and to other organizations to further a charitable cause. Alternatively, operating foundations generally operate their own charitable programs. These are definitely interesting times for private foundations, and their lawyers and accountants, from the standpoint of the federal tax law. Much has happened in this field since 2008, which is when the Third Edition ended. The revised and expanded Fourth Edition will cover all new developments in both the law and taxation related to private foundations.« less