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.

Planning for change while involving the next generation

Posted by National Center for Family Philanthropy on February 25, 2015

"If you are welcoming the next generation, it's a wonderful time to sit down and reevaluate what you're doing because, even if you're doing wonderful things, people want to feel engaged. So, even if you go through a strategic planning process and you decide, 'we're going to continue to do the same...

Trends in family philanthropy project: Why now?

Posted by National Center for Family Philanthropy on January 29, 2015

"Part of the reason this project is so important now is that so many family foundations are new to this work, having been founded or at least organized since the beginning of this millennium. Many philanthropic families are in a moment of transition where there's new leadership that needs to come in,...

Avoiding conflicts of interest in family philanthropy

Posted by National Center for Family Philanthropy on December 15, 2014

"You shouldn't try to avoid conflicts of interest, because they're impossible to avoid. At some point, they will come up. The way to handle a conflict is to be trained about what may come up, to be very clear about disclosing them, and to make sure that disinterested, non-conflicted people are...

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...

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