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The Top Ten Ways Private and Family Foundations Get into Trouble

October 1, 2013


Partner Virginia Sikes is presenting at “The Top Ten Ways Private and Family Foundations Get Into Trouble,” hosted by the Philadelphia Foundation on October 1.  

Private and family foundations are subject to more stringent tax laws and regulations than ever before. Understanding the nuances of private foundation laws is especially important now, given increased scrutiny of tax-exempt organizations by Congress and the IRS. As private foundations transition to successive generations of leadership, the challenges will become even more complicated.

The Philadelphia Foundation is hosting a free seminar on Tuesday, October 1 in which professional advisors can learn more about the tax laws and regulations associated with private and family foundations. The session will explore the key issues involved in managing a private foundation and will review how to prevent unintentional – but costly – tax law violations.

The session will explore the key issues involved in advising a private or family foundation including:

  • Grants to foreign charities
  • Self-dealing
  • Grants to for-profits
  • Compensation
  • Program-related investments
  • Granting to charities that lobby
  • Scholarship grants
  • Excess business holdings
  • Terminating a private foundation
  • Planning for second and third generations

This seminar has been approved for 2 hours of CFP, CPA and PACE credits and 1.5 hours of CLE credits.

For more information, visit PhilaFound.org.

October 1, 2013 at 8:00 AM – 11:00 AM

Philadelphia Marriott West, 111 Crawford Avenue,
West Conshohocken, PA 19428
**Parking is available for $5/day for self-parking and $10/day for valet parking