IRS Offers Guidance on Determining Nonprofit Grantee Public Charity Status

The IRS now has reliance criteria for nonprofit private foundations and sponsoring organizations of donor advised funds in determining the public charity status of grantees under section 509(a)(1), (2), or (3) of the Internal Revenue Code. The appropriate classification of grantees is important for purposes of determining potential excise tax liability. See Revenue Procedure 2009-32.

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