A guide by Foundation Source with step-by-step instructions and formulas for calculating a private foundation’s annual 5% distribution requirement.
With careful planning, a private foundation can reduce its excise tax rate from 2% to 1% in select years.
This paper provides helpful tips on how a foundation can avoid some of the potential pitfalls surrounding charitable pledges.
Foundations may pay compensation for an insider’s personal services as long as the compensation is “reasonable and necessary.”
The requirements for validating a grantee’s status and provides resources to simplify the process.