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Are there any additional requirements for “Functionally Integrated” Type III Supporting Organizations?

April 26, 2017additional III Organizations requirements supporting type

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Are there any additional requirements for “Functionally Integrated” Type III Supporting Organizations?

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Yes, the “reasoned opinion of counsel” must state that the Type III Supporting organization was determined to be “Functionally Integrated” in accordance with Treasury Regulation 1.509(a)-4(i)(3)(ii) and the rationale and factual basis for that determination.