Grants by private foundations: Expenditure responsibility — Recordkeeping requirements


In addition to the information required when filing a return, the granting foundation must make available to the IRS at the foundation's main office each of the following items:

  1. A copy of the agreement covering each expenditure responsibility grant made during the year,
  2. A copy of each report received during the tax year from each grantee on any expenditure responsibility grant, and
  3. A copy of each report made by the grantor's personnel or independent auditors of audits or other investigations during the tax year concerning any expenditure responsibility grant.

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