Contributions

Can the Foundation Reimburse Expenses for a Family Gathering That Takes Place During a Board Meeting?

Posted on June 5, 2015 by Andras Kosaras

A foundation may only incur expenses for meetings/events that are related to carrying out its exempt purposes (including reasonable and necessary administrative expenses).  If a board member wants to invite all board and family members to a family event, the foundation may only reimburse the board member for the expenses incurred if the event is for the purposes of the… Read More

Program Related Investments and You: Perfect Together?

Posted on March 17, 2010 by James P. Joseph

As a legal concept, PRIs have been part of the laaw of charitable giving in the US since the Tax Reform Act of 1969, which restructured the rules governing the operations of charities and created a distinction between public charities and private foundations. Technically, PRIs are investments by private foundations in ventures that help to achieve the charitable goals of the foundation, but that also have elements of for-profit investments… Read More

Get Involved

Search Knowledge Center for Resources!

We’re here to help you on your philanthropic journey. Contact NCFP for support!

Get Assistance

Keep up with trends in family philanthropy. Subscribe to our newsletter!

Signup

Family philanthropy improves the quality of life for all. Join our family!

Join Now