Posts Tagged: charitable cash donation

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Nonprofit Talk: What’s the Difference Between a Public Charity & a Private Foundation

Since 1968, every Section 501(c)(3) organization is classified by the IRS as either a private foundation or a public charity. This classification is crucial for at least two reasons anyone considering forming a nonprofit and anyone considering making a significant donation to a nonprofit. First, private foundations are subject to much stricter regulations than public… Read more »