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

Indiana Statutes

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

Indiana·Art. 3 STATE INCOME TAXES·Ch. 1 Definitions

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.

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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.

Indiana § 6-3-1-36 ("Eligible community foundation") — published by Counsel Stack Legal Research, free access to 12M+ legal documents.