eCourse
Private Foundation Compliance: Taxable Expenditures
Contains material from Feb 2020
Private Foundation Compliance: Taxable Expenditures
5 out of 5 stars
What was the overall quality of the course (presentation, materials, and technical delivery)?
Rate the overall teaching effectiveness and presentation skills of faculty for the course.
How would you rate the value of the materials provided as part of the course?
Very succinct and on-point presentation
Technical Questions?
512.475.6700
service@utcle.org
Session 1: Funding and Conducting Advocacy: Flashpoints for Private Foundations - Hear the key legal considerations for private foundations that are involved in conducting or funding advocacy. These include the IRS lobbying rules, other federal and state lobbying rules, personal versus professional activities of staff, and special considerations around elections.
Session 2: Taxable Expenditure Flashpoints - Managing private foundation expenditures is not always intuitive. Despite charitable intentions, funding entities other than public charities require Expenditure Responsibility steps which are often missed. Individual grants for disaster or poverty relief, awards for achievement, or research of social issues require documentation of exempt purpose unlike travel or study support that require Pre-IRS approval. Even if a foundation thinks it is maintaining ER and evidence of charitable nature of its spending, missteps result in a taxable expenditure and excise tax can be imposed. How a foundation properly corrects such missteps is challenging and needed to avoid the second tier tax.
Session 2: Taxable Expenditure Flashpoints - Managing private foundation expenditures is not always intuitive. Despite charitable intentions, funding entities other than public charities require Expenditure Responsibility steps which are often missed. Individual grants for disaster or poverty relief, awards for achievement, or research of social issues require documentation of exempt purpose unlike travel or study support that require Pre-IRS approval. Even if a foundation thinks it is maintaining ER and evidence of charitable nature of its spending, missteps result in a taxable expenditure and excise tax can be imposed. How a foundation properly corrects such missteps is challenging and needed to avoid the second tier tax.
Includes: Audio Paper Slides
Preview mode.
You must be signed in, have purchased this eCourse,
and the eCourse must be active
to have full access.
Preview Sessions
Show session details
1.
Funding and Conducting Advocacy: Flashpoints for Private Foundations (Feb 2020)
Kimberly Eney, Elizabeth Peters
0.75
0.00
0.00
Preview Materials
Download session materials for offline use
Paper
(pdf)
2 pgs
Paper
(pdf)
2 pgs
Session 1
—47 mins
Funding and Conducting Advocacy: Flashpoints for Private Foundations (Feb 2020)
Hear the key legal considerations for private foundations that are involved in conducting or funding advocacy. These include the IRS lobbying rules, other federal and state lobbying rules, personal versus professional activities of staff, and special considerations around elections.
Originally presented: Jan 2020 Nonprofit Organizations Institute
Kimberly Eney,
Latham & Watkins LLP - Washington, DC
Elizabeth Peters,
The William and Flora Hewlett Foundation - Menlo Park, CA
Show session details
2.
Taxable Expenditure Flashpoints (Feb 2020)
Kelli Archibald, Jody Blazek
0.75
0.00
0.00
Preview Materials
Download session materials for offline use
Session 2
—43 mins
Taxable Expenditure Flashpoints (Feb 2020)
Managing private foundation expenditures is not always intuitive. Despite charitable intentions, funding entities other than public charities require Expenditure Responsibility steps which are often missed. Individual grants for disaster or poverty relief, awards for achievement, or research of social issues require documentation of exempt purpose unlike travel or study support that require Pre-IRS approval. Even if a foundation thinks it is maintaining ER and evidence of charitable nature of its spending, missteps result in a taxable expenditure and excise tax can be imposed. How a foundation properly corrects such missteps is challenging and needed to avoid the second tier tax.
Originally presented: Jan 2020 Nonprofit Organizations Institute
Kelli Archibald,
Ernst & Young LLP - Phoenix, AZ
Jody Blazek,
Blazek & Vetterling - Houston, TX