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:
“We have defined a story as a narrative of events arranged in their time-sequence. A plot is also a narrative of events, the emphasis falling on causality. “The king died and then the queen died” is a story. “The king died, and then the queen died of grief” is a plot. The time sequence is preserved, but the sense of causality overshadows it.”
—E.M. (Edward Morgan)
“Custom, then, is the great guide of human life. It is that principle alone, which renders our experience useful to us, and makes us expect, for the future, a similar train of events with those which have appeared in the past.”
—David Hume (1711–1776)
“One thing that makes art different from life is that in art things have a shape ... it allows us to fix our emotions on events at the moment they occur, it permits a union of heart and mind and tongue and tear.”
—Marilyn French (b. 1929)