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Everything You Ever Wanted to Know about "Type 3" Supporting Organizations

MSK Client Alert

For over 30 years, the government has divided charities into two broad categories: public charities and private foundations. As a general rule, it is much more advantageous to an entity and its contributors if it can be classified as a public charity rather than as a private foundation. This is because private foundations are subject to a myriad of rules that not only dictate how these entities must be managed but also restrict the amount that contributors may deduct when transferring cash or property to the foundation.


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