Taxable Expenditures |
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A taxable expenditure is an amount paid or incurred to:
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Make a grant to an individual for travel, study, or other similar purposes, unless certain requirements (explained under Grants to individuals) are satisfied,
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Carry out any purpose other than a religious, charitable, scientific, literary, or educational purpose, the fostering of national or international amateur sports competition (with exceptions) or the prevention of cruelty to children or animals.
See Exceptions to taxable expenditures for examples of transactions ordinarily not treated as taxable expenditures.
Additional information:
Grants to noncharitable organizations
Return to Life Cycle of a Private Foundation
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Page Last Reviewed or Updated: January 06, 2009