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Beyond the PC - Making Grants to Non Public Charities for a Charitable Purpose

Dec 12, 2022 1:00pm ‐ Dec 12, 2022 2:15pm

Identification: PFS2203

Although Foundation activities primarily focus on grantmaking to charitable entities, there are multiple options to consider as we seek to expand our philanthropic toolbox. This session covers grantmaking to for-profit entities, foreign organizations, individuals; and the ramifications and pitfalls that a Foundation may encounter when venturing beyond the Public Charity (PC).

Learning Objectives:
  • Grants to foreign entities - what do foundations need to know and do to facilitate grants to foreign charitable organizations.
  • Returned grants - how to record and report on the 990PF. Coordinating with the 5-year carryforward rule.
  • Add Learning Objective to reflect Grant vs. Contract


Category: General Session (Online)

Impact Investing: Part I

Dec 12, 2022 2:30pm ‐ Dec 12, 2022 3:20pm

Identification: PFS2204

During this session a foundation will present a comprehesive case study that includes examples of recent types of program-related investments they have funded. The foundation will not only discuss the objectives and outcomes of the investments, but the due diligence process and challenges encountered along the way.

Learning Objectives:
  • Identify different types of program-related investments covered by the case study
  • Discuss important considerations including due diligence and any hurdles encountered during the structuring the transaction


Category: General Session (Online)

Impact Investing: Part II - Legal, Tax and Accounting Considerations

Dec 12, 2022 3:30pm ‐ Dec 12, 2022 4:20pm

Identification: PFS2205

During this session we will dive further into the reporting requirements for the program-related investments discussed in the case study from both the financial statement and tax perspective. We will discuss additional legal considerations based on the nature of the program-related investment. We will also highlight other possible structures for program-related investments and the reporting implications for those structures.

Learning Objectives:
  • Identify the reporting mechanics for both U.S. GAAP financial statements and IRS requirements with respect to program-related investments.
  • Discuss best practices with respect to anticipating questions that your auditors or tax preparers may have with respect to program-related investments.
  • Discuss legal considerations related to different types of structures and what type of due diligence is necessary to ensure a smooth transaction.


Category: General Session (Online)

Opening Remarks | Foundation Lifecycle

Dec 13, 2022 10:00am ‐ Dec 13, 2022 10:55am

Identification: PFS2206

This session will cover the various aspects of a private foundation's life cycle after formation including mergers, split ups, dissolutions and conversion to public charity status.

Learning Objectives:
  • Appreciation of when and how the IRC 507 termination tax may apply to a private foundation.
  • Understanding of when and how a private foundation's tax attributes may follow the assets upon dissolution or distribution of significant assets.
  • Discussion of how and when a private foundation might qualify for conversion to public charity status and the process for making the change.


Category: General Session (Online)

Increasing the Tools in the Charitable Toolbox to Accomplish Your Charitable Mission

Dec 13, 2022 12:55pm ‐ Dec 13, 2022 2:10pm

Identification: PFS2208

Founders of private foundations often have many charitable interests. This session will explore how these charitable interests can be satisfied by utilizing other philanthropic vehicles. Issues of control, relatedness and funding will be covered as we explore this expanded world of philanthropic vehicles.

Learning Objectives:
  • Appreciating the rules of how organizations can be commonly controlled or related to a private foundation and why it matters.
  • Understanding the various vehicles donors use in conjunction with private foundations to accomplish charitable purposes.
  • Any applicable legislative updates which may be applicable to the session (i.e. ACE Act.)


Category: General Session (Online)

Foundations Using Their Power and Voices to Advocate for Change Without Violating Federal Tax Laws

Dec 13, 2022 2:30pm ‐ Dec 13, 2022 3:45pm

Identification: PFS2209

Private foundations are allowed to engage in advocacy. This session will highlight some examples of how foundations are exerting their influence to make positive changes as well as cover the brightline rules for what is and is not allowed.

Learning Objectives:
  • Brightline rules for prohibited lobbying and political activities by a private foundation
  • Examples of allowable and effective advocacy by private foundations
  • Best practices for advocacy grantmaking


Category: General Session (Online)