Memo on IRS Ruling on Donations to the Smithsonian
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PrintSmithsonian General Counsel Peter G. Powers summarizes a recent IRS ruling on donations to the Smithsonian that reaffirms its June 29, 1966 ruling that the Smithsonian is a "publicly supported" organization, as defined in section 170(b) (1) (A) (vi) of the Internal Revenue Code, not a "private foundation," as defined in section 509(a) of the Internal Revenue Code. The Tax Reform Act of 1969 provides that donors may deduct their contributions to a publicly supported institution in amounts up to 50% of the donors contribution base for the taxable year.
Smithsonian Legal Documents
See also rulings from J. A. Tedesco, Internal Revenue Service, on 8 December 1970, and from John W. Littleton, Internal Revenue Service, 29 June 1966.
Smithsonian Institution Archives, Record Unit 99, Office of the Secretary, Records, 1970, Box 411, Folder General Counsel (Documents)
Institutional History Division, Smithsonian Institution Archives, 600 Maryland Avenue, S.W., Washington, D.C. 20024-2520, SIHistory@si.edu
12/11/1970
United States
Number of pages: 1; Page Numbers: 1