Join the Council’s Legal Resources team for an in-depth look at the self-dealing rules applicable to private foundations under section 4941 of the Internal Revenue Code.
This workshop will provide an in-depth review of the rules against self-dealing, where they come from and what they involve. Participants will hear an analysis of the relevant rules and regulations governing transactions between private foundations and disqualified persons, including situations involving payment of compensation and expense reimbursement to disqualified persons, sharing employees between foundations and related companies, grants with the potential to benefit disqualified persons, and more.
Who should attend:
This workshop is open to any board or staff member from any corporate foundation or giving program that is eager to dive into the legalities of a foundation’s business model and unlock effective management and leadership.
Topics:
- A technical definition of “disqualified person”
- The law of self-dealing under IRC § 4941
- Payment and allocation of shared expenses
- Expenditures that provide impermissible benefits to the sponsoring company
- Expenditures that provide permissible, incidental and tenuous benefits to the sponsoring company
