New Rules for Foundations
Author: Jerry J. McCoy, Attorney.
Source: Volume 06, Number 01, November/December 2006 , pp.3-4(2)
< previous article |next article > |return to table of contents
Abstract:
Long-time students of federal tax policy toward private foundations will not be surprised to find that the Act’s primary effect on foundations is to impose tougher rules and stricter penalties. The principal incentive provision in the Act, the Charitable IRA, is explicitly unavailable for contributions to foundations, and none of the other incentives will provide much relief for foundations.Keywords:
Affiliations:
.