According to the Giving USA 2015 report, Americans gave $15.1 billion to foreign charitable organizations in 2014 alone. Between the intricate nature of the tax code and the prospect of potential penalties, international grantmaking can present itself as a daunting task, however, with the right knowledge and experience, the labyrinth of international giving can be more easily and safely navigated.
How can a donor make a tax advantaged gift to a foreign NGO that is not designated as a U.S. 501(c)(3)? How can a donor be assured that their donation is used appropriately? The IRS provides U.S. grantmakers with two different options: conducting an equivalency determination or exercising expenditure responsibility. While both options can provide grantmakers with the ability to make cross-border gifts, there are situations where one may be more appropriate than the other. Which option is right for you?
Check out CAF America Connections Blog / International Grantmaking to find answers to these questions and learn more about other detailed requirements of ED and ER. Read full article on ED vs. ER here.
Expand your knowledge in International Grantmaking!
Join us at the 2016 International Grantmaking Symposium (IGS), presented by CAF America in partnership with the UNDP, and have all your questions on ER and ED answered by the experts! We will focus on the key attributes of both ER & ED discussing the relevant IRS Rules and Regulations; defining the “charitable purpose”, grant agreements, grantee and grantor reports, and much more.
‘ER & ED: Key Attributes’
David A. Shevlin | Simpson Thacher & Bartlett
The IGS is a two-day educational training on the ins and outs of international grantmaking featuring high-level speakers and panelists from top organizations in the philanthropic sector and beyond. This year, the IGS will explore the key role of international grantmaking in achieving global progress within the framework of the new Sustainable Development Goals (SDGs).
The Symposium will take place at the United Nations Headquarters in New York on June 15 – June 16, 2016.
For more information, visit http://www.cafamerica.org/igs/