Thumbnail for 2022 AICPA & CIMA Private Foundation Summit

2022 AICPA & CIMA Private Foundation Summit


The Private Foundation Summit provides an opportunity to get front-row access and hear from the innovators in this highly specialized world. From investing to charitable activities, we’ll help attendees gain clarity for their immediate and long-term goals – and we’ll provide important guidance on dealing with the impacts of the pandemic.


The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association’s website, educational materials, products, and services. The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association’s Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately. 

Packages Display Packages

$29900
Standard Price
  • Thumbnail for Beyond the PC - Making Grants to Non Public Charities for a Charitable Purpose
    Identification
    PFS2203
    Date
    December 12, 2022

    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).

    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

    Speakers

    Speaker Image for Karen Halazon
    Karen M. Halazon, J.D., LL.M.
    Deputy General Counsel, Bill & Melinda Gates Foundation
    Speaker Image for Lori McLaughlin
    Partner, Exempt Organization Tax, Crowe LLP
    $4901
    Standard Price
  • Thumbnail for Impact Investing: Part I
    Identification
    PFS2204
    Date
    December 12, 2022

    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.

    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

    Speaker

    Speaker Image for Aaron Seybert
    Managing Director, Kresge Foundation
    $4901
    Standard Price
  • Thumbnail for Impact Investing: Part II - Legal, Tax and Accounting Considerations
    Identification
    PFS2205
    Date
    December 12, 2022

    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.

    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.

    Speakers

    Speaker Image for Candice Meth
    Candice Meth, CPA, MBA
    Partner, EisnerAmper
    Speaker Image for Tomer Inbar
    Partner, Morgan, Lewis & Bockius LLP
    Speaker Image for Craig Fields
    Assistant Controller, The Kresge Foundation
    $4901
    Standard Price
  • Thumbnail for Opening Remarks | Foundation Lifecycle
    Identification
    PFS2206
    Date
    December 13, 2022

    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.

    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.

    Speakers

    Speaker Image for Jeffrey Haskell
    Jeffrey D. Haskell, J.D., LL.M. (Taxation)
    Chief Legal Officer, Foundation Source
    Speaker Image for Jody Blazek
    Partner, Blazek & Vetterling
    $4901
    Standard Price
  • Thumbnail for Increasing the Tools in the Charitable Toolbox to Accomplish Your Charitable Mission
    Identification
    PFS2208
    Date
    December 13, 2022

    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.

    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.)

    Speakers

    Speaker Image for Jane Searing
    Managing Director, Deloitte Tax LLP, Global Center for Excellence in Philanthropy
    Speaker Image for Nancy McGlamery
    Principal, Adler and Colvin
    $4901
    Standard Price
  • Thumbnail for Foundations Using Their Power and Voices to Advocate for Change Without Violating Federal Tax Laws
    Identification
    PFS2209
    Date
    December 13, 2022

    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.

    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

    Speaker

    Speaker Image for Abby Levine
    Chief Strategist, Levine Nonprofit Solutions
    $4901
    Standard Price
Specialties

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