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  • Grants from Nonprofits

    From Stuart O. Bronstein@21:1/5 to All on Wed Aug 10 12:58:57 2022
    When a nonprofit makes a gift within its exempt purpose, is that
    subject to income tax in the hands of the recipient? Does anyone have experience with this?

    Thanks.

    --
    Stu
    http://DownToEarthLawyer.com

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  • From Stuart O. Bronstein@21:1/5 to Stuart O. Bronstein on Wed Aug 10 13:34:10 2022
    "Stuart O. Bronstein" <spamtrap@lexregia.com> wrote:

    When a nonprofit makes a gift within its exempt purpose, is that
    subject to income tax in the hands of the recipient? Does anyone
    have experience with this?

    Sorry, I found the answer.

    https://www.irs.gov/charities-non-profits/private-foundations/grants- to-individuals


    --
    Stu
    http://DownToEarthLawyer.com

    --
    << ------------------------------------------------------- >>
    << The foregoing was not intended or written to be used, >>
    << nor can it used, for the purpose of avoiding penalties >>
    << that may be imposed upon the taxpayer. >>
    << >>
    << The Charter and the Guidelines for submitting posts >>
    << to this newsgroup as well as our anti-spamming policy >>
    << are at www.asktax.org. >>
    << Copyright (2011) - All rights reserved. >>
    << ------------------------------------------------------- >>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)