§ 6-3-1-36 — "Eligible community foundation"

Indiana § 6-3-1-36

• Jurisdiction: Indiana
• Art. 3: STATE INCOME TAXES
• Ch. 1: Definitions

Text

As used in this article, "eligible community
foundation" means an organization that:
(1) is exempt from federal income taxation under Section
501(c)(3) of the Internal Revenue Code;
(2) satisfies the public support test of Section 170(b)(1)(A)(vi) of
the Internal Revenue Code;
(3) is an autonomous, nonsectarian philanthropic institution with
permanent, component funds established by many separate
donors;
(4) is accredited under national standards for United States
Community Foundations established by the Community
Foundations National Standards Board; and
(5) supports a broad range of charitable activities within a specific
geographic area in Indiana.
The term includes an affiliate fund of an eligible community
foundation.

Legislative History

As added by P.L.50-2015, SEC.1.