School Foundations - financing of public education
School Administrator, Jan, 1997 by Carol Merz, Sheldon S. Frankel
A final caveat: This summary is not intended to be a comprehensive discussion of the complex rules applicable to tax-exempt organizations, nor is it intended to unduly alarm participants about undertaking such a worthwhile endeavor. If an educational foundation in your community is contemplating activities described above, the group should contact a knowledgeable professional so the rules and limitations may be established before damage is done.
The best material about legal compliance is IRS Publication 557, "Tax-Exempt Status for Your Organization." It is available by calling 800-829-3676.
COPYRIGHT 1997 American Association of School Administrators
COPYRIGHT 2004 Gale Group
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