Andrew Schulz

General Counsel, Arabella Advisors

Andrew Schulz is General Counsel for Arabella Advisors. Previously, he was executive vice president and national director of community and legal relations at Foundation Source and prior to that served as vice president for government relations and public policy at the Council on Foundations, where he provided assistance and consultation to council members and the public, and he oversaw the council’s legislative initiatives, as well as outreach efforts to members, nonprofits, policymakers, and the public. Prior to this, he was an associate at a law firm in Washington, D.C., where he specialized in laws affecting nonprofits. Mr. Schulz is a frequent speaker on legal and public policy issues affecting nonprofits. Several of his articles relating to nonprofits have been published. Mr. Schulz holds a J.D. from the George Washington University Law School.

Contributions

May Donors Accept Free Tickets Received Due to a Foundation Grant?

Posted on December 11, 2014 by Andrew Schulz

A nonprofit has an exhibition that includes invitation-only receptions and preview parties. Individuals must become “sponsors” at a certain dollar level in order to attend these receptions and preview parties. A donor makes a grant to the nonprofit through their foundation that is equal to the sponsorship level. May the donor accept free tickets to these receptions and parties if… Read More

Are Nieces and Nephews Considered Disqualified Persons?

Posted on December 11, 2014 by Andrew Schulz

Are nieces and nephews of board members, foundation founders, considered disqualified or are just the direct blood descendants disqualified? Nieces and nephews of board members are not considered to be disqualified persons; however, in the family foundation context, you also have to go back to who the substantial contributors were. For instance, your niece may be a direct bloodline of… Read More

If a Family Member is an Employee of a Non- Profit Funded by the Foundation, Does it Matter How Long the Person Has Worked There?

Posted on December 11, 2014 by Andrew Schulz

If a family member is an employee of a non-profit funded by the foundation, does it make any difference how long the person has worked there? No, it really doesn’t. The only issue is if it appears on its face that the only reason you’re writing the grant is so your son will get hired by the non-profit. That would have… Read More

Can a Foundation Fund a Non-Profit Where a Family Member is Employed?

Posted on December 11, 2014 by Andrew Schulz

Yes, as long as the grant isn’t earmarked for their compensation. However, consider an example where the total operating budget of the non-profit is $250,000, of which $100,000 is their compensation, and you provide a $200,000 grant. You’re really getting into an indirect self- dealing possibility where, as a matter of fact, you are paying their salary and it’s unavoidable… Read More

What Kinds of Financial Expenses Do Not Count Toward the 5% Payout?

Posted on December 11, 2014 by Andrew Schulz

With the exception of expenses for the management and product of income, all charitable expenses – including the cost of preparing the foundation’s 990-PF – count towards the payout. So, whether it’s rent, utilities, travel-related expenses, grants, contracts with consultants, or other such expenses – everything that you spend, other than investment management expenses, count towards the payout. The exception to… Read More

The 2014 Trustee Education Institute: an Intensive Seminar for Family Foundation Trustees

Posted on September 24, 2014 by Virginia M. Esposito, Susan Crites Price, Ami Aronson, Andrew Schulz, Glen Galaich, Kelly Sweeney McShane, Kristin Pauly, Leonor Alfonso, Maegan Scott, Mary Phillips

DOWNLOAD COMPLETE 2014 AGENDA HERE – SEE SPEAKER LIST AND BIOS BELOW NCFP’s Trustee Education Institute provides a comprehensive introduction to all of the key legal, investment, ethical, grantmaking, and family dynamics issues facing family foundation board members. Featuring a faculty made up of NCFP’s senior staff and highly respected philanthropy experts, this three day, intensive seminar will cover: What does… Read More

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