New From the IRS
Author: Staff Editors.
Source: Volume 10, Number 01, November/December 2010 , pp.7-12(6)
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Abstract:
IRS Releases Set-Aside Guidelines. Foundations may meet their minimum distribution requirement under ยง4942 either by means of current qualifying distributions or, under certain circumstances, by setting funds aside for a specific project. A foundation that chooses the set-aside approach for a given project must follow the applicable rules very carefully. There are two principal requirements for a qualified set-aside.Keywords:
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