Foreign Grant Reporting Act

HR 8290, the Foreign Grant Reporting Act, requires certain tax-exempt organizations (501(c) groups) to report specific details about grants they provide to foreign entities when filing their annual IRS returns. Organizations must disclose the foreign recipient's name and address, the total grant amount, and whether the recipient qualifies as a foreign charity, a US 501(c)(3) organization, or meets other specified criteria. This applies to direct and indirect grants to any foreign entity (defined as an organization created outside the United States). The requirement applies only to organizations already mandated to file annual IRS returns under Section 6033, effective for returns filed after the bill's enactment.