Non-Functionally Integrated Type III Supporting Organization
A term to know.
The term "non-functionally integrated Type III SO," refers to a Type III SO that is NOT "functionally integrated." A "functionally integrated Type III SO" is a Type III supporting organization that is not required under Treasury regulations to make payments to supported organizations, because the supporting organization engages in activities that relate to performing the functions of, or carrying out the purposes of, its supported organization(s). See Reg. Sec. 1.509(a)-4(i)(5) for rules and payout requirements of a NFI Type III SO.
Synonyms:
NFI Type III SO, NFI Type III, non-functionally integrated Type III SO
Synonyms list
(a comma-separated list)
NFI Type III SO, NFI Type III, non-functionally integrated Type III SO