Public Support: Preserving Your 501(c)(3) Status
COURSE DESCRIPTION:
Understanding and maintaining your public support status is crucial to be able to continue to enjoy the tax benefits of a public charity. This course will cover what it means to be a publicly supported charity and how that differentiates your organization from a private foundation. We will discuss the various ways an organization may “pass” the public support test, and importantly, how to protect and preserve your public support status for the future.
LEARNING OBJECTIVES:
- Define public support and how being a publicly supported charity differentiates an organization from a private foundation
- Outline the various ways a charity may qualify as publicly supported
- Learn about the five-year “rolling” public support calculation
- Discuss the differences between a 509(a)(1) and 509(a)(2) public support calculation
- Preserving and protecting your public charity status
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As a CAE Approved Provider educational program related to the CAE exam content outline, this program may be applied for CAE credits toward your CAE application or renewal of professional development requirements.
U.S Transactions Corp. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.
(National Registry Sponsor Nr: 138278)
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