From Public Charity to Private Foundation: How to Handle the 'Tipping' Problem

In the September/October 2018 issue of Taxation of Exempts, Christopher Hammond outlines the warning signs for the ways through which tipping is more regularly occurring, details the downsides for a public charity that tips, describes planning opportunities for public charities that proactively recognize the potential for tipping, and suggests considerations for organizations that first discover the change in classification after a meaningful period has elapsed.