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Title:Information on foundations
Author(s):Bohlen, Jeanne
Subject(s):Library foundations
Friends of the library
Abstract:1 here are more than 22,000 private foundations in the United States. Unfortunately, the terminology in this field is rather confusing. Many organizations which contain the name "foundation" do not meet the criteria laid down in the tax code and many of these do not make grants. There are also some foundations which do not have the word "foundation" as part of their name (e.g., Carnegie Corporation of New York, Stearns Charitable Trust). The Internal Revenue Service publishes a volume entitled Cumulative List of Organizations Described in Section 170(c) of the Internal Revenue Code of 1954 (Internal Revenue Service Publication 78). This publication lists the organizations defined in the tax laws as private foundations. Generally speaking, a private foundation is nonprofit, nongovernmental, and governed by its own board of trustees; and it has a principal fund of its own. Such a definition unfortunately includes some organizations not included under the tax code definition. The ultimate authority is IRS Publication 78.
Issue Date:1980
Publisher:Graduate School of Library Science, University of Illinois at Urbana-Champaign
Citation Info:In D.W. Krummell (ed) Organizing the library's support: donors, volunteers, friends (Papers presented at the Allerton Park Institute November 11-14, 1979): 109-113.
Series/Report:Allerton Park Institute (25th : 1979)
Genre:Conference Paper / Presentation
Publication Status:published or submitted for publication
Date Available in IDEALS:2007-04-10

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