A Practical Guide to International Philanthropy

This book is a practical guide addressing the issues faced by philanthropists seeking to engage in international charitable activities and offers alternative approaches to traditional U.S.-based foundations. A significant portion of the regulatory burdens facing U.S. private foundations derives from tax benefits available to donors under U.S. law. A charitable organization must initially qualify and then be maintained under a complex regulatory regime. If some or all of these tax benefits are either unavailable or not needed, or if the tax advantages are outweighed by the burdens of regulatory compliance, foundations can be established in foreign jurisdictions. Charitable activities can then be operated flexibly and privately outside the constraints of the U.S. regulatory regime. For existing private foundations, this book suggests strategies designed to hedge against ever-increasing and intrusive regulation.

Spis treści:
1. Introduction
2. Fundamental concepts relating to charitable organizations
3. US legal framework governing charitable organizations
4. US legal constraints
5. Constraints on cross-border philanthropy
6. Why create a foreign charity?
7. Picking a jurisdiction
8. Establishing a foreign charitable foundation
9. Representative structures
10. Further resources
Appendix 1. Form 1023, Application for Tax Exempt Status, with Instructions
Appendix 2. Template, Corporate Charter for Private Foundation Organized as a Delaware Corporation
Appendix 3. Template, Corporate Charter for, “American Friends of …” Organization Formed as a Delaware Corporation
Appendix 4. Conflicts of Interest Policy Recommended by the Internal Revenue Service
Appendix 5. Form 990-PF, US Federal Income Tax Return of Private Foundation, with Instructions
Appendix 6. Form 4720, US Federal Excise Tax Return for Private Foundations, with Instructions
Appendix 7. Revenue Procedure 92-94 [Equivalency Determinations]
Appendix 8. US Department of the Treasury Anti-Terrorist Financing Guidelines, Voluntary Best Practices for U.S.-Based Charities
Appendix 9. Form 3520, Annual Return to Report Transactions with Foreign Trusts, with Instructions
Appendix 10. Form W-8EXP, with Instructions [Withholding on US Source Income]
Appendix 11. Template, Bermuda Charitable Trust
Appendix 12. Template, Generic Foreign Charitable Trust
Appendix 13. Template, Bermuda Purpose Trust.