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Private Foundations: Legal and Operational Essentials to Survive and Thrive

Content Provider
American Law Institute CLE
Product
CLE
Run Time
96 Minutes
Recording Date
09/25/2024
Presenter(s)
Beth Dougherty, Laura Solomon, Tiffany Tam, Justin Zaremby
Learning Method
On-Demand Training
Practice Area
Government and Non-Profit Organizations
Persona
CLE OnDemand

Price $259.00

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Description

Private foundations – including family, operating, and corporate foundations - are charitable, tax-exempt organizations that are subject to complex federal and state legal requirements. Practitioners play an important role in guiding private foundations and helping them maximize their charitable impact while minimizing risks and developing strong compliance procedures. Register today for this comprehensive webcast covering the regulatory requirements and critical best practices to support your work with foundations and assist in avoiding common – and serious - pitfalls. During this all-new ALI CLE webcast will teach attendees how to identify and advise private foundations on key issues and risks. Our nationally recognized faculty will explore these topics and more. - Basic operational requirements > Net investment income tax > Qualifying distribution requirements > Corporate housekeeping (meetings, policies, filings) - Grantmaking considerations > Grants to individuals > International grants (expenditure responsibility, equivalency determinations, sanctions) > Prohibitions on lobbying and political activity > Concerns about “tipping” public charity grantees into private foundations - Investment considerations > Excess business holding rules > Jeopardizing investment rules and program related investments > Investment management considerations, including Uniform Prudent > Management of Institutional Funds Act requirements - Relationships with donors/insiders > Self-dealing prohibitions > Succession planning best practices This ALI CLE webcast is essential for attorneys who represent foundations, work for foundations, or serve on their boards. Accountants and administrative staff working with foundations will also find this webcast useful to their daily work. New attorneys developing an estate planning practice serving high wealth clients and family businesses may also find this course beneficial.

Literature

State Status Total Credits Type Of Credit Approved Thru
AlabamaApproved1.50General12/31/2025
AlaskaApproved1.50GeneralOn-going
ArizonaApproved1.50GeneralOn-going
ArkansasApproved1.50GeneralOn-going
CaliforniaApproved1.50Participatory09/25/2029
ColoradoApproved2.00General12/31/2026
ConnecticutApproved1.50GeneralOn-going
DelawareApproved1.60General09/24/2026
FloridaApproved2.00General06/30/2026
GeorgiaApproved1.50General12/31/2025
HawaiiApproved1.50General09/25/2026
IdahoApproved1.50General09/24/2029
IllinoisApproved1.50General11/12/2026
IndianaApproved1.50General12/19/2025
IowaApproved1.50General09/24/2025
KansasApproved1.50General11/19/2025
LouisianaApproved0.00General11/13/2025
MaineApproved1.50General01/09/2027
MinnesotaApproved1.50General11/24/2026
MississippiApproved1.60General11/13/2025
MissouriApproved1.90GeneralOn-going
MontanaPending State Response0.00
NebraskaApproved1.60General09/24/2026
NevadaApproved1.50General12/31/2027
New HampshireApproved1.60General09/24/2027
New JerseyApproved1.50GeneralOn-going
New MexicoApproved1.60General09/24/2029
New YorkApproved1.50SkillsOn-going
North CarolinaApproved1.50General02/28/2026
North DakotaApproved1.50General09/25/2027
OhioApproved1.50General12/31/2025
OklahomaApproved2.00General12/29/2025
OregonApproved1.50General09/24/2027
PennsylvaniaApproved1.50General11/13/2026
Puerto RicoApproved1.60General01/06/2026
South CarolinaApproved1.60General12/31/2025
TennesseeApproved1.60General11/13/2025
TexasApproved1.50General10/30/2025
UtahApproved1.50General12/31/2025
VermontApproved1.50GeneralOn-going
VirginiaApproved1.50General10/31/2025
WashingtonApproved1.50General09/24/2029
West VirginiaApproved1.92GeneralOn-going
WisconsinApproved1.50GeneralOn-going
WyomingApproved1.50General11/13/2025

Speakers