PFS2203. Beyond the PC - Making Grants to Non Public Charities for a Charitable Purpose

Although Foundation activities primarily focus on grantmaking to charitable entities, there are multiple options to consider as we seek to expand our philanthropic toolbox. This session covers grantmaking to for-profit entities, foreign organizations, individuals; and the ramifications and pitfalls that a Foundation may encounter when venturing beyond the Public Charity (PC).

Learning Objectives:

• Grants to foreign entities - what do foundations need to know and do to facilitate grants to foreign charitable organizations.
• Returned grants - how to record and report on the 990PF. Coordinating with the 5-year carryforward rule.
• Add Learning Objective to reflect Grant vs. Contract