Sec. 36. As used in this article, “eligible community foundation” means an organization that:

(1) is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code;

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Terms Used In Indiana Code 6-3-1-36

  • eligible community foundation: means an organization that:

    Indiana Code 6-3-1-36

  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
(2) satisfies the public support test of Section 170(b)(1)(A)(vi) of the Internal Revenue Code;

(3) is an autonomous, nonsectarian philanthropic institution with permanent, component funds established by many separate donors;

(4) is accredited under national standards for United States Community Foundations established by the Community Foundations National Standards Board; and

(5) supports a broad range of charitable activities within a specific geographic area in Indiana.

The term includes an affiliate fund of an eligible community foundation.

As added by P.L.50-2015, SEC.1.

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