June 19, 2024

Navigating Expenditure Responsibility for Private Foundations

by: Kyle Anderson

Private foundations have the opportunity to broaden their philanthropic giving by making grants to non-charities, such as foreign entities, start-up nonprofits, and even for-profit entities. However, this expanded scope requires the foundations to adhere to expenditure responsibility rules, ensuring that the funds are used for charitable purposes and comply with legal requirements.

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Kyle's services have been invaluable to our foundation.

His deep understanding and expertise have made even the most complex tax processes simple and easy to understand. He is very easy to work with offering quick turnarounds and ongoing support.

Angel Velitchkov
President, St. Nicholas Foundation