* An essential guide to understanding the basics of private foundation law written by the most respected name in the field Bruce R. Hopkins. * Includes "practical tips" and "red flags" that provide practical advice, as well as incorporates many tables and exhibits to summarize/clarify content.
The ins and outs of private foundation law--made easy!
Written by renowned author Bruce R. Hopkins, Private Foundation Law Made Easy is a must-read guide for accountants, consultants, investors--anyone needing to know the essentials of the laws involving private foundations.
This authoritative guide presents in-depth discussions on the differences between a private foundation and a public charity, as well as the special foundation rules concerning tax law rules, mandatory payouts, prohibited expenditures, self-dealing, and excess business holdings. It also covers crucial prudent investment standards, unrelated business rules, and charitable giving rules.
Designed to get you quickly up to speed, you will discover:
- How to invest your foundation's endowment
- Invaluable information on assets involved in the calculation of the mandatory payout requirement
- Advice on how to file annual returns with the IRS
- The alternatives to private foundations
- How to creatively use supporting organizations
Packed with practical tips and invaluable advice, Private Foundation Law Made Easy sheds light on complex legal issues concerning private foundations with plain-language explanations of laws and regulations for non-legal professionals.