Planning for Set-Asides - Exponent Philanthropy

Planning for Set-Asides

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Every year, a private foundation must distribute—through qualifying distributions—at least 5% of the average fair market value of its investment assets for the preceding year to avoid an excise tax on the undistributed amount. Amounts set aside or saved for specific projects may be treated as current qualifying distributions. To qualify, the foundation must satisfy certain Internal Revenue Service requirements.

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