Legal Issues for Private Foundations

This session will provide an overview of the legal issues private foundations face and a discussion on how to choose an entity — corporation or trust. Learn to spot the differences between a grant and a fee-for-service arrangement, and of what foundations need to be aware when entering into each type of contract. Legal issues surrounding governance — learn what is required, what to watch for at the state level and reporting
requirements. Learn about the new Treasury Regulation examples regarding program-related investments, as well as equivalency determinations and upon whose opinion a private foundation may rely.