A Practical Guide to International Philanthropy

A Practical Guide to International Philanthropy

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This book is a practical guide addressing the issues faced by philanthropists seeking to engage in international charitable activities and offers alternative approaches to traditional US-based foundations. A significant portion of the regulatory burdens facing US private foundations derives from tax benefits available to donors under US law. A charitable organization must initially qualify and then be maintained under a complex regulatory regime. If some or all of these tax benefits are either unavailable or not needed, or if the tax advantages are outweighed by the burdens of regulatory compliance, foundations can be established in foreign jurisdictions. Charitable activities can then be operated flexibly and privately outside the constraints of the US regulatory regime. For existing private foundations, this book suggests strategies designed to hedge against ever-increasing and intrusive regulation.Report this amount on the appropriate schedule of your tax return (e.g., Schedule E (Form 1040), Part III). Note. If there is an amount on line 37. you must also complete line 38 and Schedule C a€” Calculation of Interest Charge, to determine the amount of any interest charge you ... Assume the trusta#39;s ordinary income was $0 in 2007, $60 in 2006, $124 in 2005, $87 in 2004, $54 in 2003, and $25 in 2002.

Title:A Practical Guide to International Philanthropy
Author:Jonathon R. Moore
Publisher:Cambridge University Press - 2009-11-30


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