Why does the Charity Check report contain two unique sections…one for IRS Publication 78 details and another for IRS Business Master File details?
Publication 78 and the IRS Business Master File each contain unique pieces of information that are critical to performing two different types of due diligence. Although Publication 78 may be consulted to verify an organization’s charitable status, the IRS Business Master File must be tapped in order to confirm an organization’s reason for non-private foundation status. These two data sources are discreet and independently maintained by the IRS. GuideStar Charity Check displays relevant information from both sources to ensure that grantmakers can perform comprehensive due diligence for (1) verification of charitable status (via Publication 78) and (2) determination if an organization is a supporting organization based on its reason for non-private foundation status (via the IRS Business Master File).
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