C.16. Retention of Records

(1) Every private foundation making grants to individuals for purposes described in

Section 4945(d)(3) must retain certain records with respect to such grants. These records must include:

a. Information used to evaluate the qualifications of potential grantees;

b. Identification of the grantees (including any relationship of any grantee to the

private foundation), the amount and purpose of each grant; and

c. All grantee reports and other follow-up data obtained in administering the

private foundation’s grant program. See Treas. Reg. 53.4945-4(c)(6).