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Speaker fee paid to a separate non-profit
October 18, 2022
Q. We are a non-profit 501(C)(3) foundation for a public university. A guest speaker was promised money to provide a talk, but he requested us to pay another 501(C)(3) non-profit foundation instead of paying him the lecture fee. Is this allowable?
A.
(Answered by IOFM's third-party tax experts)
It's allowable (the tax regulations don't address whom or what you can pay; what the regs do is to provide the rules for how the payments you have made are treated for tax compliance purposes) and the…
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