0      0

AICPA National Tax & Sophisticated Tax Conferences with Private Foundation Summit 2020


PFS2002 - Non-taxable Expenditures: All the Great Things Foundations Can Do


Nov 18, 2020 11:15am ‐ Nov 18, 2020 12:05pm

Description

IRC section 4945 includes a list of prohibited expenditures. It also provides instructions for how private foundations may make certain charitable expenditures which are not to public charities. As long as private foundations follow the proscribed guidelines, the charitable distributions are not treated as taxable distributions. Foundations use these provisions to make international grants, payments to individuals, stimulate invention through prizes and economic and disaster recovery through program related investments.

Learning Objectives:
  • Determine how foundations can avoid making taxable expenditures
  • Understand the exceptions which allow for greater funding options for foundations beyond public charities if a foundation is willing to undertake additional inquiry and oversight of expended funds

Speaker(s):

Tags: PFS

You must be logged in and own this session in order to post comments.

Print Certificate
Completed on: token-completed_on
Print Transcript
Please select the appropriate credit type:
/
test_id: 
credits: 
completed on: 
rendered in: 
* - Indicates answer is required.
token-content

token-speaker-name
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
/
/
token-index
token-content
token-index
token-content