The Charitable Grants tab on the Working with ASUF sitelet has been updated to add the following clarifications:
- Grants/gifts are broadly categorized as those awarded by the federal and local governments (public entities) and those awarded by non-federal entities (private entities including corporations and foundations).
- As defined by the IRS, a charitable contribution is a “voluntary donation to tax-exempt organization exclusively for religious, charitable, scientific, literary, or educational purposes.” See: IRC §170(c)(2)(B) and (D); IRS Pub. 526 (2010) Source: Internal Revenue Manual (IRM) http://www.irs.gov/irm/index.html
- ASU Foundation accepts and administers philanthropic contributions from private (non-governmental) entities, as well as funds from governmental entities including municipalities and tribal/sovereign nations which require awards to be made to a 501(c)(3), non-profit. An Example includes tribal contributions made under the Arizona Tribal-State Gaming Compacts
- ASU Foundation does not accept funding that originates from U.S. federal funding agencies (e.g. NSF, DOD, USAID). These funds are accepted by KE.
- ASU Foundation also accepts charitable funding from foreign entities, whether from public or private entities, provided the funds don’t originate from countries, such as Canada, for which ASU Foundation is not an authorized charity or from countries/governments under sanction by the United States. See U.S. Treasury list of sanction programs at: https://www.treasury.gov/resource-center/sanctions/Programs/Pages/Programs.aspx
If in doubt, please contact [email protected] or [email protected] with questions regarding how funds should be accepted and administered.