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:
“There is much to be said in favour of modern journalism. By giving us the opinions of the uneducated, it keeps us in touch with the ignorance of the community. By carefully chronicling the current events of contemporary life, it shows us of what very little importance such events really are. By invariably discussing the unnecessary, it makes us understand what things are requisite for culture, and what are not.”
—Oscar Wilde (1854–1900)
““The ideal reasoner,” he remarked, “would, when he had once been shown a single fact in all its bearings, deduce from it not only all the chain of events which led up to it but also all the results which would follow from it.””
—Sir Arthur Conan Doyle (1859–1930)
“If I have renounced the search of truth, if I have come into the port of some pretending dogmatism, some new church, some Schelling or Cousin, I have died to all use of these new events that are born out of prolific time into multitude of life every hour. I am as bankrupt to whom brilliant opportunities offer in vain. He has just foreclosed his freedom, tied his hands, locked himself up and given the key to another to keep.”
—Ralph Waldo Emerson (1803–1882)