Why are there restrictions on the tax status of the institution accepting the award?
Institutions accepting and administering any DDCF award must be exempt from federal income taxation as an organization described in section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”) and cannot be a private foundation or a Type III supporting organization as defined in Section 509(a) of the Code. Contact the foundation if you have any questions.
