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Navigating Self-Dealing Pitfalls in Private Foundations and Family Offices

Maintain tax-exempt status and avoid costly penalties.

The intersection of family offices and private foundations (PFs) presents opportunities and pitfalls1 for wealthy families committed to pursuing their philanthropic endeavors effectively. With increasing numbers of wealthy families managing PFs in conjunction with their family offices, understanding the many ways that family offices and PFs can transact with each other is crucial to maintaining a PF’s tax-exempt status and avoiding costly penalties.  

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