{"product_id":"the-legal-answer-book-for-private-foundations-paperback","title":"The Legal Answer Book for Private Foundations - Paperback","description":"\u003cp\u003eby \u003cb\u003eBruce R. Hopkins\u003c\/b\u003e (Author), \u003cb\u003eJody Blazek\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003eA must-have guide that enables managers and trustees of private foundations, as well as their lawyers and accountants, to successfully navigate today's increasingly complex tax laws and reporting requirements\u003cbr\u003e \u003cbr\u003e Private foundations are the most regulated of nonprofit organizations. Burdened with laws written over thirty years ago, which have become more complex and intricate, private foundations are forced to operate in a harsh legal environment. An operational or reporting mistake, no matter how innocent or inadvertent, can lead to immense tax and other penalties.\u003cbr\u003e \u003cbr\u003e To reap the charitable, tax, and other economic advantages of private foundations while avoiding the perils lurking in the myriad of tax-law traps, you must be fully informed about the basic legal requirements and the many subtleties and current developments affecting private foundations.\u003cbr\u003e \u003cbr\u003e Written by two of today's leading authorities on the laws regulating private foundations, The Legal Answer Book for Private Foundations provides this critical information in an efficient and comprehensible fashion. In clear, easy-to-understand language, the authors provide expert guidance on everything from how to set up a private foundation to how assets are invested, how funds are distributed to grantees, and how to avoid self-dealing.\u003cbr\u003e \u003cbr\u003e You'll find answers to such critical questions as: \u003cbr\u003e * What are the legal definitions of private foundation and public charity, and what constitutes a disqualified person? \u003cbr\u003e * Just what are the private foundation rules and what are the penalties for violating them?\u003cbr\u003e * What assets are involved in the calculations of the mandatory payout requirement?\u003cbr\u003e * How are self-dealing rules avoided?\u003cbr\u003e * What is an excess business holding?\u003cbr\u003e * Do foundations have to file annual returns with the IRS?\u003cbr\u003e * What are the alternatives to private foundations?\u003cbr\u003e \u003cbr\u003e \u003cbr\u003e With the increasing opportunities for the establishment of private foundations, The Legal Answer Book for Private Foundations is an invaluable resource that is mandatory reading for anyone contemplating creation of a foundation or managing or advising an existing foundation.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003eA must-have guide that enables managers and trustees of private foundations, as well as their lawyers and accountants, to successfully navigate today's increasingly complex tax laws and reporting requirements \u003c\/p\u003e\u003cp\u003ePrivate foundations are the most regulated of nonprofit organizations. Burdened with laws written over thirty years ago, which have become more complex and intricate, private foundations are forced to operate in a harsh legal environment. An operational or reporting mistake, no matter how innocent or inadvertent, can lead to immense tax and other penalties.\u003c\/p\u003e \u003cp\u003eTo reap the charitable, tax, and other economic advantages of private foundations while avoiding the perils lurking in the myriad of tax-law traps, you must be fully informed about the basic legal requirements and the many subtleties and current developments affecting private foundations.\u003c\/p\u003e \u003cp\u003eWritten by two of today's leading authorities on the laws regulating private foundations, The Legal Answer Book for Private Foundations provides this critical information in an efficient and comprehensible fashion. In clear, easy-to-understand language, the authors provide expert guidance on everything from how to set up a private foundation to how assets are invested, how funds are distributed to grantees, and how to avoid self-dealing.\u003c\/p\u003e \u003cp\u003eYou'll find answers to such critical questions as: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eWhat are the legal definitions of private foundation and public charity, and what constitutes a disqualified person?\u003c\/li\u003e \u003cli\u003eJust what are the private foundation rules and what are the penalties for violating them?\u003c\/li\u003e \u003cli\u003eWhat assets are involved in the calculations of the mandatory payout requirement?\u003c\/li\u003e \u003cli\u003eHow are self-dealing rules avoided?\u003c\/li\u003e \u003cli\u003eWhat is an excess business holding?\u003c\/li\u003e \u003cli\u003eDo foundations have to file annual returns with the IRS?\u003c\/li\u003e \u003cli\u003eWhat are the alternatives to private foundations?\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWith the increasing opportunities for the establishment of private foundations, The Legal Answer Book for Private Foundations is an invaluable resource that is mandatory reading for anyone contemplating creation of a foundation or managing or advising an existing foundation.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003eBRUCE R. HOPKINS is the country's leading authority on the law of tax-exempt organizations and a lawyer with the firm of Polsinelli, Shalton \u0026amp; Welte, PC. He is the author of more than a dozen books, including The Legal Answer Book for Nonprofit Organizations; The Second Legal Answer Book for Nonprofit Organizations; The First Legal Answer Book for Fund-Raisers; and The Second Legal Answer Book for Fund-Raisers; as well as the monthly newsletter The Nonprofit Counsel, all published by Wiley.\u003cbr\u003e JODY BLAZEK is a founding partner of Blazek \u0026amp; Vetterling, LLP, an accounting firm that specializes in financial services planning for nonprofit organizations. She is the author of several leading nonprofit books, including Tax Planning and Compliance for Tax-Exempt Organizations, Third Edition; Financial Planning for Nonprofit Organizations; the 990 Handbook; and, with Bruce Hopkins, Private Foundations: Tax Laws and Compliance, all published by Wiley. Her focus on foundations began in 1969 at KPMG. She gained nonprofit management experience as treasurer of the Menil Foundation.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 384\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.01 x 10.06 x 7.19 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e October 10, 2001\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":47453443752114,"sku":"9780471405795","price":151.2,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0770\/3891\/1666\/files\/c97ffde05817e75d8daf4fa4adde749a.webp?v=1778830923","url":"https:\/\/box.dadyminds.org\/products\/the-legal-answer-book-for-private-foundations-paperback","provider":"DADYMINDS BOX","version":"1.0","type":"link"}