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Indiana Code — Title 6 (Taxation)

IC 6-3-1-36

"Eligible community foundation"

Official textiga.in.govlast amended

Sec. 36. As used in this article, "eligible community foundation" means an organization that:

# (1)

is exempt from federal income taxation under Section 501(c)(3) of the Internal
Revenue Code;

# (2)

satisfies the public support test of Section 170(b)(1)(A)(vi) of the Internal Revenue
Code;

# (3)

is an autonomous, nonsectarian philanthropic institution with permanent, component funds established by many separate donors;

# (4)

is accredited under national standards for United States Community Foundations established by the Community Foundations National Standards Board; and

# (5)

supports a broad range of charitable activities within a specific geographic area in
Indiana.
The term includes an affiliate fund of an eligible community foundation.
As added by P.L.50-2015, SEC.1.

Amendment history

As added by P.L.50-2015, SEC.1.

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