Many problems can be easily avoided through a basic understanding of the rules that govern foundations, which are explained here.
Guidance on five common areas of potential trouble for corporate foundations.
Straightforward answers to the 29 questions we’re asked most often about private foundations.
As the name implies, set-asides are funds “set aside” by a private foundation to be paid out in the future, yet they are treated as qualifying distributions toward the current year’s 5% minimum distribution requirement. This allows the foundation to “accumulate funds” over multiple years in order to fund a larger initiative at a later date.
The IRS allows private foundations wide latitude to undertake creative, inventive and effective philanthropy. Learn more.
A guide by Foundation Source with step-by-step instructions and formulas for calculating a private foundation’s annual 5% distribution requirement.
Conduit elections allow foundations to get a fair-market-value deduction for contributions of appreciated, long-term capital assets.
With careful planning, a private foundation can reduce its excise tax rate from 2% to 1% in select years.
Foundation Source reviews hundreds of 990-PFs each year that were prepared by other organizations. Here are common errors we see.
Learn about several strategies private foundations can employ to reduce their tax liability and preserve the value of their endowments.