The legal and tax aspects of private foundations can be a complex undertaking. In the recent National Business Institute (NBI) webinar, “Private Foundations From Start to Finish,” Sam Coppersmith and his panel of co-presenters provided insight to help lawyers advise clients in this area of law. Specifically, he spoke on:
- Different types of private foundations, funding and giving options, and rules governing non-operating foundations vs. operating foundations.
- Organizing and governing a private foundation, foundation board considerations, and the investment of funds and distribution.
- Filing necessary tax returns, IRS Form 990 – PF, IRS Form 990 – T, requirements, contributions, disbursements, expenses, and more.
- Changes for exempt organizations, including private foundations, under the Tax Cuts and Jobs Act.
Sam has more than three decades of experience assisting local and national businesses and nonprofit entities as well as individuals and small businesses. He is a regular speaker for NBI, covering a range of topics related to nonprofit organizations, including private foundations, forming a nonprofit, tax-exempt organizations, and serving on a nonprofit board.