Private Foundations Lunch with Legal Counsel: Self-Dealing

Members Access the Recording

Which of the following transactions are generally considered acts of self-dealing between a private foundation and a disqualified person?

• Sales, exchanges, or leasing of property
• Providing goods, services or facilities
• Lending money or other extensions of credit
• Paying compensation or reimbursing expenses to a disqualified person
• None of the above

If you aren’t sure, we want to invite you to our “Lunch with Legal Counsel”series with Suzanne Friday, Senior Counsel and Vice-President of Legal Affairs. Suzanne will do a deep dive into Section 4941 of the Internal Revenue Code and discuss self-dealing as it applies to private foundations.

Participants will learn:

• How to identify acts and potential acts of self-dealing.
• How to distinguish between self-dealing and conflicts of interest.
• The penalties that can be assessed for acts of self-dealing.
• Permissible exceptions to the self-dealing rules.

Speakers