Friday, September 28, 2012
Public Charity or Private Foundation - Why Does It Matter? | Planned Giving Design Center
Public Charity or Private Foundation - Why Does It Matter? | Planned Giving Design Center: For many charitable organizations classified as a public charity, reclassification as a private foundation can have significant implications for sustainability and mission accomplishment. In this article, North Carolina-based CPA and philanthropic consultant Dennis Walsh provides an overview of key operating, administrative, and financing issues associated with private foundation status, as well as helpful planning tips that will help organizations maintain their public charity status.