Posts tagged to 'Rules and regulations'

Free legal training: Electioneering rules for private foundations and public charities

Posted by Learn Foundation Law on May 13, 2016

Learn Foundation Law is a free resource for online trainings and tools related to the basic legal rules for private foundations.

How can we take effective family foundation board meeting minutes?

Posted by Karen Green and Andras Kosaras on April 1, 2016

Concise, complete, and accurate meeting minutes are vital to the health of a family foundation. These documents are the first thing IRS/state regulators request during an investigation and/or audit into a foundation.

Planning for an influx of assets

Posted by Elaine Gast Fawcett on August 25, 2015

An influx of assets is a powerful transition point in your family’s philanthropy. With rising resources comes the budding potential to do more of what you’re already doing – or, perhaps, to try something new. Either way, additional resources will often provide your foundation with new options for making a difference according to your foundation’s mission.

How can my family foundation use real estate for tax-advantaged charitable giving?

Posted by Dennis Bidwell on August 18, 2014

Charities seek gifts of real estate because they have come to realize that, although more than 30% of the baby boomer wealth transfer that surrounds us is in real estate holdings, less than 3% of charitable giving is made through gifts of real estate. That means that much of the potential for donations to worthy causes is left untapped.

Can you recommend a short video on family foundation board responsibilities?

Posted by National Center for Family Philanthropy on June 22, 2014

As a matter of fact, we can! We're pleased to share our new video, "So you want to be a family foundation board member," created especially for teenagers and young adults in search of a quick and lighthearted introduction to the many responsibilities of being a family foundation board member:     Also...

What is a disqualified person?

Posted by Benjamin T. White on May 15, 2013

Self-dealing is defined to include almost all business and financial transactions between a private foundation and its “disqualified persons.” So what is exactly is a disqualified person? The following is excerpted from the National Center for Family Philanthropy’s Passages Issue Brief, “Avoiding...

What questions should we ask our auditors?

Posted by National Center for Family Philanthropy on February 15, 2013

Once again everyone’s favorite time of year has arrived, audit time! For many, this can be viewed as a daunting and even arduous process.  A family foundation in NCFP's network of Friends who no longer cringes at audit time shares this list of questions to ask your auditor to ensure...

Managing relationships with your legal, financial, and investment advisors

Posted by National Center for Family Philanthropy on September 15, 2010

This month’s Ask the Center features answers to questions on managing relationships with your advisors from Patricia Angus, the founder and CEO of Angus Advisory Group, a philanthropy and family governance consulting and educational firm based in New York City. Patricia was a featured speaker on the...

Conflicts of interest: Steering clear of potholes and other bumps in the road

Posted by Anne Etheridge on June 15, 2010

Most family foundations prefer to focus on the business of giving, without having to worry about tripping over the sometimes obscure rules and regulations that govern this work. But the fact is that family foundation boards need to be aware of potential potholes on the road named philanthropy....

An open letter to elected officials

Posted by Virginia Esposito on November 15, 2008

In these economically challenging times, it would not be unusual for the new President, Congress, governors, and state and local officials to see everything in terms of the costs they represent. Certainly there is a history of seeing private philanthropy primarily as the tax deduction donors receive or...

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