Despite the economic recession, private foundations (PFs) led by individual donors and by families continue to form, grow and increase their grant making in one way or another. Indeed, a recent analysis of the giving...
At some point in the life of a private foundation (PF), it may be advantageous to transfer most or all of its assets to one or more other PFs. The most common reasons are to enable a PF's board members with...
Most compliance issues arise in private foundations because the family members and directors don't know much about the governing provisions set forth in the Internal Revenue Code and Treasury Regulations. This is...
As an advisor to private foundations, I have seen them run afoul of the Internal Revenue Service time and again. Many of the missteps are inadvertent, but the penalties are no less severe. At the extreme, violations...
