Award for Past Achievements Not Grant for Travel, Study, Etc.
Author: Staff Editors.
Source: Volume 07, Number 05, July/August 2008 , pp.15-15(1)
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Abstract:
The facts of a recent private letter ruling provide a useful guide for the operation of a certain type of foundation awards program. In PLR 200825049, a private operating foundation proposed to establish an award program intended to recognize individuals for past charitable, scientific, educational, or literary achievements.Keywords:
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