President Biden has proposed in his fiscal year 2023 budget to clamp down on the ability of private foundations to…
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Private Foundations
IRS Focusing on Private Foundations and Self-Dealing
The Nonprofit Law Prof Blog has reported that the IRS has announced it will be conducting audits of more than…
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Foundation Net Investment Income Tax Rules Get Needed Simplification
Most private foundations will begin paying a lower rate of tax on their net investment income starting this year. On…
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Now is the Time to Weigh In on DAF Issues!
We’ve posted previously about some potential changes or clarifications in the donor advised fund (“DAF”) landscape around private benefit and…
READ MORE Termination of Private Foundation Status: Distributions of Net Assets to a Public Charity
This week’s post continues last week’s discussion on options for termination of private foundation status, which can be complex. For private…
READ MORE Termination of Private Foundation Status: Operating as Public Charity
Organizations that begin their existence as private foundations may well find themselves wanting to change that status for a number…
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Private Foundations and Compensation: Family Ties Can Lead to Problems
In the world of private foundations, it is not unusual to compensate related parties for services they provide to the…
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2016 Election Series – Nonprofit Issues in the Spotlight (Part Three)
This is Leaffer Law Group’s third in a series of posts addressing nonprofit issues that have been in the headlines…
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Proposed Regulations Focus on ‘Political Subdivision’ Definition
Private foundations that make grants are generally very familiar with the expenditure responsibility rules, which require a heightened level of…
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Mission, Program Investing Targeted as Tool in Climate Change Arena
Last week, the White House hosted a Clean Energy Investment Summit where Vice President Joe Biden highlighted more than $4…
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