Private Foundation Law Made Easy
Private Foundation Law Made EasyIncreased IRS attention may be causing private foundation executives and their counselors to seek guidance on issues such as who may sit on foundations' boards, the way their foundations are set up, how they invest their endowment, and how funds are distributed to qualified grantees. Filled with straightforward, clear guidance on the ins and outs of private foundation law, Private Foundation Law Made Easy demystifies this topic for board members and helps them to successfully navigate the basics.Author Bruce R. Hopkins—a leading authority on the laws regulating private foundations—offers essential, practical legal information in easy-to-understand English. His practical tips and "red flags" provide useful advice and present critical information in an efficient and comprehensible fashion.Now your foundation can be fully informed about the basic legal requirements affecting private foundations and avoid the perils lurking in the myriad tax-law traps. Private Foundation Law Made Easy clearly shows you how, with information on reaping the charitable, tax, and other economic advantages of your private foundation. You will find everything you need to know about:Private foundations and public charities—what's the difference?Disqualified personsTax law rules in generalMandatory payout rulesProhibited expenditures rulesSelf-dealing rulesInvestment rulesCharitable giving rulesAnd much more!Mandatory reading for anyone contemplating the creation of a foundation or managing or advising an existing foundation, Private Foundation Law Made Easy illuminates the rules surrounding private foundations, and authoritatively and thoroughly guides you through every aspect of its laws.