Description
Presenter: Katherine E. David
The Pension Protection Act of 2006 made significant changes to how 501(c)(3) organizations are classified. The process continues through Treasury Regulations, and some exempt organizations are finding it necessary to restructure in response to the changes. This presentation will explain the difference between private foundations and public charities and will describe the different types of public charities including Type I, Type II, and Type III supporting organizations. The topics discussed will be of interest to practitioners that form and advise I.R.C. Sec. 501(c)(3) organizations. Practitioners who represent institutional trustees (such as bank trust departments) should consider attending to learn about how the new rules affect their clients' charitable trusts.
Continuing Education Credits will be provided.