Public Charity VS Private Foundation
Sep26

Public Charity VS Private Foundation

The early stages of launching a 501(c)(3) nonprofit can be overwhelming for the first-time nonprofit founder. Once you have figured out your cause, your programs, and have some plan for sustainability, the real work begins. The IRS application for exemption (Form 1023) is long and tedious, and the explanations for what it all means are not always clear. The first issue that can trip up those filling out the application is the distinction between a private foundation and public charity.

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