For How Long Do You Need an Equivalency Determination?
By guest expert, Stephanie Peti
Suppose you’re making a grant to fund a project at an overseas grantee, and you’ve worked with a qualified tax practitioner such as NGOsource to obtain an equivalency determination (ED). Your grantee expects the project activity to last for three years.
Does your ED need to be valid for the full three years?
The answer, fortunately, is pretty simple: The ED needs to be valid only at the point (or points) when you disburse funds to the grantee.