Compensating Foundation Insiders

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Categories: Supporting Your Foundation

Search Topics: Compliance Foundation Management

Private foundation compensation guidelines

For those foundations that compensate insiders (substantial contributors and their family members, among others) for services performed, attention must be paid to make sure compensation is both “reasonable and necessary.” Failure to do so could expose the foundation, and possibly the compensated individual, to federal tax penalties—not to mention humiliating press coverage and public derision. Click the button below to read our informative article on private foundation compensation guidelines that covers items such as:

  • Self-dealing rules
  • Reasonable compensation for board members
  • Compensation checklists
  • Foundation Source services that can further assist with private foundation compensation

 

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