Private Operating Foundations: A Legal Option for Hands-On Philanthropists
Pearlman + Pearlman
MAY 18, 2021
3] The limitation was previously 50% of AGI, but the limit was raised as part of the Tax Cuts and Jobs Act of 2017 – the 60% limit remains in place until January 1, 2026. In 2026, the limit will return to 50%. [4] Note that private non-operating foundations can also conduct direct charitable activities, but are not required to do so.
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