Final Regulations Relating to Foreign Grantmaking Activities by Private Foundations and Sponsoring Organizations of Donor-Advised Funds
On September 25, 2015, the Department of the Treasury (“Treasury”) issued final regulations (the “Final Regulations”) relating to equivalency determinations by private foundations and sponsoring organizations of donor-advised funds. The Final Regulations amend and finalize proposed regulations that were issued on September 24, 2012 (the “Proposed Regulations”).