IRS Ruling on Smithsonian as a "Publicly Supported" Institution, 1970
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PrintJ. A. Tedesco, Chief, Rulings Section, Exempt Organizations Branch, Internal Revenue Service, on 8 December 1970, issues a ruling that reaffirms the 1966 IRS 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 memo from Smithsonian General Counsel Peter G. Powers on 11 December 1970, and the earlier ruling 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
12/08/1970
United States
Number of pages: 2; Page Numbers: 1-2