Events
The National Heritage Foundation (NHF) was formed by Dr. J.T. "Dock" Houk in 1994. It became one of the largest donor-advised funds in the country.
On August 16, 2006, in response to the Pension Protection Act of 2006, NHF changed the way they made grants from their umbrella projects to charitable programs. NHF informed all its projects that only 26 U.S.C. ยง 501(c)(3) organizations would be able to continue to receive grants from NHF.
In January 2009, the NHF filed for chapter 11 bankruptcy protection while appealing a lost lawsuit. During this bankruptcy process, donor advised foundations were not able to disburse funds to other non-profits.
In late 2009, NHF emerged from bankruptcy and has fulfilled its reorganization plan.
On November 21, 2011 NHF's tax exempt status was voluntarily revoked.
Read more about this topic: National Heritage Foundation
Famous quotes containing the word events:
“The geometry of landscape and situation seems to create its own systems of time, the sense of a dynamic element which is cinematising the events of the canvas, translating a posture or ceremony into dynamic terms. The greatest movie of the 20th century is the Mona Lisa, just as the greatest novel is Gray’s Anatomy.”
—J.G. (James Graham)
“Whatever events in progress shall disgust men with cities, and infuse into them the passion for country life, and country pleasures, will render a service to the whole face of this continent, and will further the most poetic of all the occupations of real life, the bringing out by art the native but hidden graces of the landscape.”
—Ralph Waldo Emerson (1803–1882)
“Genius is present in every age, but the men carrying it within them remain benumbed unless extraordinary events occur to heat up and melt the mass so that it flows forth.”
—Denis Diderot (1713–1784)