Toeing the line, Part 2: Addressing common legal pitfalls in family foundation grantmaking
Board members, staff, advisors, and donors in family philanthropy.
Is it possible to make grants to individuals or organizations that are not charities? Can we support grantees where one or more of our board members has a conflict of interest? What process do we need to follow with regard to our discretionary grants, and is there a limit to the proportion of our grantmaking that can go to these grants? Do we need a grant agreement for every grant we make? Can we support public elections or engage in lobbying efforts? What kind of liability do we have if a project we fund causes damages or injury to an individual?
Join us for this follow-up to the tremendously popular “Toeing the Line” webinar we held last December on common legal pitfalls in foundation governance. Featuring a case study format, this session will focus on many of the most common legal pitfalls in family foundation grantmaking, and will be led nationally recognized legal advisors Andras Kosaras and Jim Joseph of Arnold and Porter. Not to worry – the session will feature plenty of time for Q & A to ensure that all of your questions are answered!
Do you have a specific situation or question you’d like our speakers to address? Submit your question via the registration form or submit it anonymously here and he will do his best to answer during the webinar.
James P. Joseph represents clients on tax litigation and planning matters for Arnold & Porter LLP. Mr. Joseph represents tax-exempt organizations (including public charities, private foundations, international nongovernmental organizations, and trade associations) on business ventures, structuring and implementing complex programs, lobbying, and political activities. He represents corporate and individual donors on charitable, advocacy-related, and political giving, and also works with corporate and tax-exempt clients on governance, executive compensation, and other general tax matters.
Andras Kosaras is an Associate in Arnold & Porter LLP's Tax practice group. Prior to joining Arnold & Porter, Mr. Kosaras was an attorney and director of ethical standards and philanthropic outreach at the Council on Foundations in Washington, DC. He also spent two years as a research assistant at Harvard University's Hauser Center for Nonprofit Organizations, assisting Marion R. Fremont-Smith in the completion of her book, Governing Nonprofit Organizations: Federal and State Law and Regulation, published by Harvard's Belknap Press in 2004. Mr. Kosaras holds a BA in Philosophy, summa cum laude, from the University of Massachusetts, Amherst, and a J.D., magna cum laude, from the New England School of Law, Boston, where he was a member of the law review.
What participants said:
It is clear a lot of thought went into the topics presented in both seminars and NCFP staff worked with presenters in advance to cover issues important to family foundations.
It's difficult to make this topic very compelling. The speaker did a good job. The case study approach certainly helped.
Knowledgeable and familiar with pitfalls of which foundations should be aware of. I appreciated especially when presenters gave us answers that weren't just conservative answers and gave reasoned and thoughtful exceptions.
They were both great. Extremely knowledgeable, and able to explain complicated issues succinctly without engaging in legal lingo.
Great examples that were shared!