Private Foundation Law Made Easy

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.

Preface xiii

About the Author xv

Chapter 1 Private Foundations and Public Charities 1

Chapter 2 Disqualified Persons 30

Chapter 3 Tax Law Rules In General 45

Chapter 4 Mandatory Payout Rules 68

Chapter 5 Prohibited Expenditures Rules 96

Chapter 6 Self–Dealing Rules 124

Chapter 7 Investment Rules 152

Chapter 8 Business Holdings Rules 178

Chapter 9 Charitable Giving 202

Chapter 10 Reporting and Disclosure Requirements 221

Chapter 11 Alternatives to Private Foundations 243

Chapter 12 Governance Principles and Trustee Liability 268

Index 296