About the work: This publication is a reliable guide for anyone looking to invest in non-profit organizations or for those providing legal or financial support to foundations. It offers comprehensive information on important aspects of the law governing non-profit foundations; it explains the civil law foundations and taxation in light of recent changes. An extensive sample statute can be found in the appendix. Additionally, the work provides detailed information on the specifics of state foundation laws. The laws are also printed in the appendix. A thorough index allows for quick access to the content. Alongside the updates from the Volunteer Strengthening Act of March 2013, there have been numerous changes, particularly in tax law. Also included: the new IDW standard for foundation accounting (IDW RS HFA 5). Advantages at a glance - notes.