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Nashville, TN – House Bill 423/Senate Bill 527 affords private foundations with protections from governmental intrusion
House Bill 0423, sponsored by Tennessee Representative Joe Pitts, adds a new section to the Tennessee Code that would make “private foundation” have the same meaning as it does in section 509(a) of the Internal Revenue Code of 1986 as amended.
A private foundation would not be required by state or local government to disclose the sensitive about the foundation’s employees, officers, directors, trustees, or contributors, without the prior written consent of the individual or individuals in question.
Tennessee State Representative Joe Pitts
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