New Rules for Grantmakers and Donors

Do you know ...

• how inclusion on the Automatic Revocation Exemptions List affects a nonprofit's eligibility to receive a grant or charitable contribution?
• which sources IRS Revenue Procedure 2011-33 directs grantors and contributors to use to research a nonprofit's charitable and supporting organization status?
• what circumstances can require a grantmaker to exercise expenditure responsibility?
• where to find information on nonprofits the Office of Foreign Assets Control (OFAC) has named as engaging in or supporting terrorism?
• what can happen if you make a grant or contribution to an ineligible nonprofit?

GuideStar's new report, "New Rules for Grantmakers and Donors: An Overview for Private Foundations, Organizations Sponsoring Donor-Advised Funds, and Donors," answers these questions, and more. Prepared by GuideStar staff and available for free download, the report:

• reviews the steps grantors and contributors must take to comply with revised requirements published in IRS Revenue Procedure 2011-33;
• outlines the importance of documenting this research;
• discusses the consequences of failing to follow the new IRS rules;
• provides a convenient checklist to help grantmakers and donors keep their charitable contributions 100 percent IRS compliant.

Publication date: August 2011