Grants to Individuals and Businesses – Part Four

Generally, 501(c)(3) organizations can make grants to individuals and to businesses if such grants are made in furtherance of their 501(c)(3) tax-exempt purposes and are not expended in a manner inconsistent with 501(c)(3). In Part One of this series, we focused on mission-consistency, charitable class, and prohibited private benefits. In Part Two, we looked more specifically at a […]

Pearson Charitable Foundation to Dissolve

A few weeks ago, the Board of Directors of Pearson Charitable Foundation, the Section 501(c)(3) organization affiliated with the educational publishing company Pearson PLC, announced that it will be closing the Foundation at the end of the year after a decade of operations.  According to the Foundation’s website, the decision to close the Foundation comes […]

10 Keys to Starting a Nonprofit – Private Foundation

A thoughtful commitment to charitable giving and sufficient funding are baselines for starting a nonprofit private foundation.  But there’s more needed.  Check out the following steps you should take as you move forward: Identify your reasons for starting a new organization.  Are they primarily altruistic or personal? What is it about starting and operating a private […]