The AICPA Private Foundation Summit is your chance to get front-row access and hear from the innovators and thought leaders in the highly specialized world of private foundations. Come to Washington D.C. for practical guidance and clarity you can’t get anywhere else.
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This includes sessions from the conference: Private Foundation Summit 2019
Welcome and Introductions & Exempt Organization Update: Impact of Tax Law Changes (Jun 13, 2019 08:00 AM)
How Private Foundations Fit into Complex Modern Charitable Giving Structures (Jun 13, 2019 09:05 AM)
Learning Outcomes of Implementing Reporting Standards and Contributions Received/Made (Jun 13, 2019 10:40 AM)
Cybersecurity Best Practices: From Culture to Coping (Jun 13, 2019 01:00 PM)
Paying "Fair Share": Funders Collaborating to Drive Change (Jun 13, 2019 01:55 PM)
Managing Risk and Volatility with a Global Footprint (Jun 13, 2019 04:25 PM)
Advanced 990-PF and 990-T Tax Positions (Jun 14, 2019 07:00 AM)
Morning Announcements & Building Effective and Legislatively Savvy Private Foundations (Jun 14, 2019 08:00 AM)
Self-Dealing Case Studies (Jun 14, 2019 09:45 AM)
Exploring Operationalizing Diversity, Equity and Inclusion (Jun 14, 2019 10:40 AM)
This session will provide an update on tax law changes, IRS guidance, rulings and priority guidance plans from one of the foremost legal advisors to the tax exempt sector.
Today’s philanthropists are using private foundations as only one tool in the toolkit to achieve greater impact. From individuals to corporations there are diverse goals, some of which cannot be achieved solely using a private foundation. Choosing the right vehicle is important to achieving goals. Some of the tools include LLCs, public charities, social welfare organizations, for-profit entities, other hybrid pass-through entities, and donor-advised funds (DAFs). Effective use of these "tools" requires knowledge of the rules governing them as well as their relative strengths and weaknesses. During this session, we will discuss examples of private foundations being effectively combined with other entities to achieve enhanced philanthropic results.
A panel of experts discuss the new standards and how their respective organizations have dealt with implementation issues.
Cybersecurity is an ever-changing, rapidly-evolving field. Not only are the technical and operational challenges more complex than ever before, but too often we focus on the latest hack and lose sight of how to prepare our environments in concrete ways for the threats to come. The legal, technical and institutional challenges posed by the issue of cybersecurity are global and far-reaching, and can only be addressed through a coherent strategy taking into account the role of different stakeholders and existing initiatives, within a framework of international cooperation. Emerging Data Privacy regulations around the world are also forcing nonprofits to think beyond traditional cybersecurity and consider how to protect the data of the general public, employees, and even vendors and suppliers. The General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA) are just two of a trend towards enhanced consumer data protection - which carries heavy fines for non-compliance. This course is intended for nonprofit decision makers to cover the fundamentals of a mature cross-enterprise cybersecurity program, including how to establish a culture of compliance when it comes to protecting personal information.
In 2016, five foundations—Ford, Hewlett, MacArthur, Open Society, and Packard—came together with The Bridgespan Group to explore the underlying challenge of insufficient cost recovery: project-restricted grants that do not cover the actual costs of those organizations we are trying to support. Building on previous research, the funder collaborative engaged nonprofit organizations, program officers, sector intermediaries, and financial experts (including BDO, FMA, & Humentum) in a pilot project to better understand the dynamics of the cost recovery problem and potential solutions. Based on our findings, and with a view toward driving change among funders and finance professionals more broadly, the session will outline specific tactics that can be used to support grantees in building stronger, more effective organizations.
This session will introduce a broad range of issues and present some tips for addressing challenges a foundation may face when venturing into the world of international philanthropy and investing.
This session provides practical and detailed discussion of the most complex and interesting filing issues our tax experts have worked through in the past year. This session will be interactive. Please bring your difficult filing issues you encountered which you may not have resolved in May for the group to discuss.
Private foundations are prohibited from engaging in legislative and political activity as defined in IRC 4945. That does not mean there is no legislative or political activity in which a private foundation can legally engage. Building on last year's challenge, Ruth Madrigal will discuss how private foundations can be less polite and more effective in requesting legislative change which fulfills their exempt purposes and does not violate 4945 prohibitions.
Case studies with transactions that result in self-dealing will illustrate how to identify and correct such acts. The session with focus on ideas for avoiding the unforgivable penalties, using policies and procedures, and practical solutions will be shared.
In this session we'll discuss how building a diverse organization improves performance, enhances innovation, and boosts creativity. We'll explore the definitions around diversity, equity and inclusion and strategies around what organizations are doing in this space from hiring to vendor selection and beyond. We'll share practical resources and advice to help you no matter where you are along the DE&I journey.