Expansion on Private Foundations
In the late 1960s, Congress introduced the
private foundation rules into the Internal
Revenue Code. Congress was concerned that
some charities were controlled by only a few
people who were using these groups to improperly
advance their private interests. In these
circumstances, such charities were abusing their
exempt status. Generally, under the private
foundation rules, § 501(c)(3) groups that
receive support from relatively few sources are
deemed to be private foundations, and private
foundations are more closely regulated than those
§ 501(c)(3) groups that are not private
foundations. Generally, these latter
groups, which we call public charities in the
text, are § 501(c)(3) groups which receive broad
public support.
Generally, if a group is deemed to be a
private foundation, philanthropies will be less
likely to make grants to it. Furthermore,
individuals are less likely to contribute to
private foundations real and tangible property
and securities not listed on a public
market. In addition, private foundations
must pay a small excise tax on their investment
income. Private foundations are also
subject to strict self-dealing rules and subject
to a virtual prohibition on lobbying activities.
All charities that are exempt from federal income taxation under
§ 501(c)(3) of the Code are then classified as public charities
or private foundations pursuant to §509 of the Code. This
classification as a public charity or private foundation is of critical
importance to donors of every kind. §501(c)(3) groups that
qualify under §§ 509(a)(1), (2) or (3) of the Code are not private
foundations. (Otherwise stated, they are public charities.)
509(a)(1) groups are divided into what in the text we called
per se organizations, namely, schools, churches, and hospitals
and those organizations which normally receive a substantial part
of their support from what is referred to as public support.
For the latter group, public support consists of support from governmental
agencies and community foundations and contributions from the general
public to the extent that they do not exceed 2% of total support.
In effect a fraction is set up, called the public support fraction,
and if the public support fraction is 1/3rd or more, the group passes
the "mechanical" public support test and needs show no
more. If, however, the group has a public support fraction
of more than 10% and less than 33 1/3% and it can show sufficient
"facts and circumstances" pointing to its public nature,
such as having a board made up of governmental officials and letting
its facilities be used by the public, it will pass the public support
test and qualify as a 509(a)(1) group. Note that for §509(a)(1)
groups, exempt function income (e.g., income from tuition or ticket
sales) and capital gains are excluded from both the numerator and
denominator of the public support fraction. Unusual grants,
such as a one-time start-up grant, are also excluded from the numerator
and denominator of the public support fraction.
§509(a)(2) groups are organizations that normally receive a substantial
part of their support from exempt function income, grants from governmental
agencies and contributions from the public. Here are some
of the differences between a §509(a)(1) and (a)(2) group. For a
§509(a)(2) group, the numerator of the public support fraction includes
gross receipts from exempt function income in both the numerator
and denominator. Note, however, that if any such receipt exceeds
$5,000 or 1% of total support for the year, it will not be included
in the numerator to the extent of such excess. Furthermore,
the public support fraction must equal at least 33 1/3%, i.e., no
10% "facts and circumstances" test is available.
In addition, investment income plus certain net unrelated business
income for a 509(a)(2) group cannot exceed 33 1/3% of support.
Finally, for a 509(a)(2) group, contributions from "disqualified
persons" are not included in the numerator. Disqualified
persons include directors and officers or family of such persons
and "substantial contributors." A substantial contributor
is anyone who has contributed an aggregate amount of more than $5,000
if such amount is more than 2% of total contributions received by
the organization before the close of its fiscal year. Note
that it is 2%, etc., of all contributions ever received by the organization
rather than 2% total of support received during the taxable year,
as is the case under 509(a)(1).
We have noted that so long as an organization normally
receives the right amount of public support, it
will qualify as a public charity. An
organization will be considered as normally
receiving such support for its current year and
the next one if, for the four years immediately
preceding the current year, it met the applicable
public support test.
509(a)(3) groups, called supporting
organizations, are attached to §509(a)(1) or
(a)(2) groups. Generally, these groups must
be set up to benefit and must be controlled by
the supported organization, i.e., the §509(a)(1)
or (a)(2) groups to which they are
attached. 509(a)(3) groups do not
need to meet any public support test and at the
same time enjoy all the advantages of a public
charity.
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