Distributions from Private Foundations: Rules, Pitfalls, and Best Practices
The rules governing grants and other distributions from private foundations are complex, and the penalties for noncompliance can be significant. Topics covered include:
- How the mandatory 5% distributable amount is calculated
- What types of distributions qualify (or not) toward meeting the payout requirement
- The penalties and taxes that can apply if the rules are not followed
- Internal procedures that can help a private foundation stay in compliance
- How these rules intersect with the myriad other provisions affecting private foundations
If you would like to view this webinar, click here to contact us.
Instructors
- Drew Cheney, Tax Principal
- Nick Porto, Tax Principal
BNN Events and publications are intended to provide general information to our clients and friends. It does not constitute accounting, tax, or legal advice; nor is it intended to convey a thorough treatment of the subject matter. The content included here is accurate as of the date it was published. Please contact Baker Newman Noyes for additional assistance.