Understanding Private Foundations, DAFs and Other Forms of Philanthropy

Understanding Private Foundations, DAFs, and Other Forms of Philanthropy

Tuesday, April 20 | 1:30 PM – 3:00 PM | Webinar

Presented by: Don Kramer, Editor and Publisher, Nonprofit Issues

Moderated by: Tish Mogan, Standards for Excellence Director, PANO

Offered in Partnership with: Nonprofit Issues

*CPE & CLE credits are available for this program for accountants and lawyers; to receive credit you must register through Nonprofit Issues.

If you are a donor, a grant-seeker, a philanthropic manager, or a professional adviser to any of the above, you need to know the rules that distinguish various philanthropic structures.

This webinar will focus on private foundations and their special requirements, comparing private foundations with donor advised funds (DAFs), supporting organizations, and other forms of charitable activity.

With private foundations, we will focus on the 1.39% excise tax on investment income, self-dealing transactions (compared to excess benefits), the minimum distribution requirement, excess business holdings, jeopardy investments and socially responsible investments, and taxable expenditures, including the limitations on lobbying. We will explain why many “conversion foundations” formed from the sale of charitable hospitals elected to become community foundations to avoid the limitations on lobbying.

We will discuss the relevant tax information returns and what one can learn from their disclosures. We will talk about termination of a private foundation or a DAF.

We will discuss the private foundation rules not only from the perspective of private foundation managers seeking to comply, but also from the perspective of grant applicants seeking to fit their projects within the limitations of a private foundation’s program.

We will discuss the rise in nonprofit journalism, the use of limited liability companies, the Chan-Zuckerberg initiative, use of (c)(4) social welfare organizations, and how the Paul Newman Foundation resolved its excess benefit holdings issue in a way that might help other private foundations.

*CPE & CLE credits are available for this program for accountants and lawyers; to receive credit you must register through Nonprofit Issues.

*If your org is located in Bucks, Northampton, and/or Lehigh County, it’s your lucky day! Thanks to the generous support of The Provident Bank Foundation, you are eligible to attend this program free of charge, regardless of your membership status with PANO. Contact Christina at christina@pano.org for details!

Single Login Cost:
$45 per person for PANO Members | $100 per person for Not-Yet Members

Terms of Participation
Your purchase entitles you to a single login. Please do not share the login information with others, as it may interfere with your ability to join. If multiple individuals from your organization would like to view the webinar, please purchase separate tickets for each person or consider a group screening ticket (below).

Group Screening Cost (4-10 individuals):
$150 per group for PANO Members | $333 per group for Not-Yet Members

Terms of Participation
If you have 4-10 individuals interested in viewing the webinar, please have one individual register selecting the group screening rate then send a list of all individuals viewing the webinar (including their email addresses) to christina@pano.org.

This option makes the most sense when you have 4-10 individuals interested in viewing the webinar. For fewer than 4 attendees, a single login ticket for each person is the most cost-effective option. For more than 10 attendees, please email Christina at christina@pano.org to discuss options.

Materials & Login/Call-In Instructions:
Materials (PowerPoint and other handouts), along with instructions on how to login and call-in, will be emailed to attendees a few days prior to the date of the webinar. PANO uses Zoom as our webinar platform; you can familiarize yourself with Zoom and/or join a test meeting prior to these sessions.

Can’t attend? All webinar registrants will receive a recording of the webinar following the live session!