Description of Income Tax Provisions Relating to Private Foundations: Scheduled for Hearings Before the Subcommittee on Oversight of the Committee on Ways and Means on June 27, 28, and 30, 1983
U.S. Government Printing Office, 1983 - Charitable uses, trusts, and foundations - 26 pages
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1965 Treasury Report 1969 in effect 1969 Tax Reform 50 percent addition adjusted gross income amount apply arm's-length standards capital-gain property charitable organizations charitable programs charitable purposes combined holdings community foundation Cong Congress concluded contributions to public corporation dation Declaratory Judgment disqualified persons donee organization donor foundation enacted erally exceed excise tax sanctions exempt organization exempt purposes exempt status exercise expenditure responsibility expenditure responsibility requirements Explanation of 1969 fair market value foundation managers foundation's governing gross income H.R. Rep imposed Internal Revenue Service jeopardizing investments law Code sec nonexempt trust organiza penalties percentage limitations Present law Code prior law prior-law rules private foun PRIVATE FOUNDATION RULES private foundation status private nonoperating foundations private operating foundations publicly supported organization qualifying distributions Revenue Act section 4942 payout self-dealing transaction Subcommittee substantial contributors supra n.3 Tax Reform Act tax-exempt status taxable tion Treas trusts or funds violation voting stock