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.