Sam Coppersmith Covers the Complexities of Private Foundations During National Business Institute Webinar

Sam Coppersmith Educates National Business Institute Members About Nonprofit Board Oversight

Advising a nonprofit board requires extensive knowledge about duties, risks, and compliance obligations. During a recent National Business Institute (NBI) webinar, “Nonprofit Board Governance: Overcoming Common Challenges,” Sam Coppersmith led two one-hour sessions to help nonprofits set goals, monitor progress, and ensure bylaws and policies remain up to date.  Specifically, Sam offered guidance on identifying who is responsible for oversight, tasks that can and can’t be delegated, important questions to ask when reviewing finances, pitfalls to avoid, and the variety of policies and rules nonprofits must have in place for their protection.   Sam has more than three decades of experience assisting local and national businesses and nonprofit entities as well as individuals and small businesses. A regular speaker for NBI, he covers a range of nonprofit-related topics, including private foundations, forming...

Read MoreRead More
Sam Coppersmith Covers the Complexities of Private Foundations During National Business Institute Webinar

Sam Coppersmith Covers the Complexities of Private Foundations During National Business Institute Webinar

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...

Read MoreRead More