While there are stringent rules governing private foundations, forming and operating a private foundation need not be complex or dangerous. Understanding the rules applicable to private foundations will minimize the risk of noncompliance and help ensure operating the foundation remains a fulfilling endeavor.
This presentation will discuss the most common mistakes private foundations make. Stepping on these landmines can expose a foundation and its managers to excise taxes and distract the foundation from its primary mission. You will learn:
- The problem areas start-up private foundations must avoid
- The key differences between a trust-form and a corporate-form private foundation
- How to avoid common self-dealing violations
- Methods to make qualifying distributions beyond merely making grants
Presenters:
