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TOWN OF HILTON HEAD ISLAND Community Development Department TO: VIA: VIA: FROM: DATE: SUBJECT:Stephen G. Riley, ICM ACM, Town Manager Shawn Colin, Director of Community Development Jennifer Ray, Deputy
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The resolution community foundation form is a document used by community foundations to report their financial activities, governance structure, and compliance with IRS regulations.
Community foundations that are exempt from federal income tax under Internal Revenue Code Section 501(c)(3) and engaged in charitable activities are required to file the resolution community foundation form.
To fill out the resolution community foundation form, organizations need to gather their financial statements, governance information, and details about their charitable activities, and then enter this information into the provided sections of the form accurately.
The purpose of the resolution community foundation form is to ensure transparency and compliance with IRS regulations, allowing community foundations to report their financial health and governance practices.
The form must report financial data, governance structure, the mission of the organization, details of contributions and grants, and compliance with applicable laws and regulations.
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