IC 6-3-1-36: "Eligible community foundation"

Sec. 36. As used in this article, "eligible community foundation" means an organization that:

(1) is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code;

(2) satisfies the public support test of Section 170(b)(1)(A)(vi) of the Internal Revenue Code;

(3) is an autonomous, nonsectarian philanthropic institution with permanent, component funds established by many separate donors;

(4) is accredited under national standards for United States Community Foundations established by the Community Foundations National Standards Board; and

(5) supports a broad range of charitable activities within a specific geographic area in Indiana.

The term includes an affiliate fund of an eligible community foundation.