501(c)(3)

    Chart of Tax-Exempt Organizations http://www.muridae.com/nporegulation/documents/exempt_orgs.html   Internal Revenue Manual Discussion of Private Foundations http://www.irs.gov/irm/part7/irm_07-026-003.html    

Generally To raise needed funds, state and local governments and 501(c)(3) organizations may plan to sell property financed with tax-exempt bonds. The sale of such property could cause the bond issue to become taxable. A timely remedial action, if necessary, will help ensure that the interest on the bond issue…