Discover how to establish a private foundation, choose the right structure, and comply with IRS regulations for a successful philanthropic venture.

A number of philanthropic leaders have voiced support for proposed legislation to increase the amount of distributions from private foundations and donor advised funds. Named the “Initiative to ...

A hypothetical state law for-profit company, which may be a bank, credit union, insurance company, healthcare organization, or other entity (“Company”) intends to establish a charitable organization ( ...

On June 9, 2021, U.S. Sens. Charles Grassley (R-Iowa) and Angus King (I-Maine) introduced the Accelerating Charitable Efforts (ACE) Act. If passed, the ACE Act would significantly change the ...

On Aug. 1, 2025, the Internal Revenue Service issued Private Letter Ruling 202531009, offering essential insight into the compliance requirements for private foundations supporting foreign ...

Both have 501(c)(3) status, but they operate differently Reviewed by Lea D. Uradu Fact checked by Vikki Velasquez The Internal Revenue Service (IRS) allows for the creation of tax-exempt charitable ...

CHICAGO--(BUSINESS WIRE)--Northern Trust is partnering with Foundation Source, a leading provider of cloud-based charitable giving solutions, to help streamline the operational and grantmaking needs ...