Procedures for Changing Public Charity Status
Welcome to EO Radio Show - Your Nonprofit Legal Resource. This technical episode addresses the procedures for changing the classification of an organization described in Internal Revenue Code Section 501(c)(3) as a private foundation or one of the many different types of public charities. From time to time, charitable organizations described in Section 501(c)(3) need or want to change their classification, either because they have attained sufficient support to be classified as publicly supported so they don’t want to be classified as private foundations, they aren’t able to generate sufficient public support to meet the requirements for public charity status, or governance document changes have caused a change in supporting organization classification. Or, in many cases, they were simply misclassified from the outset.
Show Notes:
Farella YouTube podcast channel
EO Radio Show - EP 5: Nonprofit Basics: Navigating the Complex Rules That Describe A Public Charity
EO Radio Show - EP 23: Nonprofit Basics: Supporting Organizations - Part 1
EO Radio Show - EP 24: Nonprofit Basics: Supporting Organizations Part 2 - Orientation for Understanding Type III Supporting Organizations
EO Radio Show - EP 61: In the Weeds With New Supporting Organization Regulations
Instructions for Form 8940 (Print version PDF)
Current Form 8940 user fee information
Pub. 557, Tax-Exempt Status for Your Organization
Pub. 598, Tax on Unrelated Business Income of Exempt Organizations
If you have suggestions for topics you would like us to discuss, please email us at [email protected]. Additional episodes can be found at EORadioShowByFarella.com.
DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.
