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The Ins and Outs of Private Operating Foundations  


Author:  Katherine E. David.


Source: Volume 17, Number 02, January/February 2018 , pp.3-9(7)




Family Foundation Advisor

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Abstract: 

This article examines the legal and practical characteristics of private operating foundations, with a focus on their hybrid nature under the tax code, the benefits they enjoy, the restrictions they operate under, and special determinations for which they are eligible permitting favorable treatment of income and deductions.

Keywords: Private Operating Foundations; Income Test; Asset Test; Alternative Tests; Exempt Purpose

Affiliations:  1: Strasburger & Price, LLP.

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