Foundations
- Date:
- Read time: 4 min
The nonprofit public support test determines whether an organization qualifies as a public charity or risks classification as a private foundation. This guide explains the IRS 33⅓% rule, Form 990 Schedule A calculations, donor limits, unusual grants, and what happens if support thresholds are not met.
- Date:
- Read time: 4 min
Private foundation excise tax scholarships fall under IRC §4945, and the penalties are personal. This guide covers the seven compliance areas the IRS scrutinizes most, the documentation gaps that create retroactive exposure, and the operational fix that keeps foundations audit-ready.
- Date:
- Read time: 4 min
Expenditure responsibility is one of the most misunderstood and most audited compliance requirements private foundations face. This guide breaks down exactly when ER applies, what documentation you need, and how to build a workflow that holds up under IRS scrutiny.
- Date:
- Read time: 4 min
One noncompliant grant can trigger a private foundation excise tax of up to 100% of the original disbursement, regardless of intent. This guide breaks down exactly what counts as a taxable expenditure, where foundations most commonly go wrong, and the compliance infrastructure needed to stay protected.
- Date:
- Read time: 4 min
Not all grant payment methods are created equal, and the wrong choice can create audit gaps, fraud exposure, and board oversight blind spots that compound as programs scale. This guide breaks down ACH, wire transfers, and checks across the operational criteria that matter most to foundation finance teams.