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Abstract: 

Tax advisors are familiar with the advanatageous treatment accorded gifts to public charities over gifts to private foundations. Gifts to conduit foundations are subject to the more generous deduction rules enjoyed by public charities. This article explains the advantages of conduit foundations, how to establish and qualify for this status, and how to comply with the associated distribution and reporting requirements.

Keywords: Public charities; contribution limitations; qualifying distributions; excess distribution carryovers; set-asides

Affiliations:  1: McGinnis Lochridge & Kilgore LLP; 2: Strasburger & Price, LLP.