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Fausone Bohn Recently Assisted in IRS Approval for Family Foundation

Attorneys Brandon Grysko and Jim Fausone recently assisted a high net worth client in establishing a tax-exempt family foundation, meaning the foundation is exempt from Federal Income Tax, under Internal Revenue Code Section 501(c)(3). In order to qualify under Section 501(c)(3), an organization must be organized and operated exclusively for charitable-type purposes.

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