Private Foundation Grantmaking Strategies and Best Practices (Currently Unavailable)

Author: Sarah Huang, Kathryn Okimoto, Clark Nuber

Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2025 to receive credits

With the COVID-19 pandemic, many private foundations are shifting their grantmaking strategies. Many private foundations are exploring grantmaking strategies beyond the traditional general support grants to reach those with the greatest need. These strategies include direct grantmaking to individuals, use of donor advised funds, program related investments, and equivalency determinations for foreign grantmaking. These strategies have always been available and will continue to be used after the pandemic is long gone. Join us to discuss the ins and outs of these strategies and determine whether any may be utilized by your foundation.

Publication Date: May 2022

Designed For
CPAs, CFOs, auditors, bookkeepers, staff accountants, foundation board members, program officers, family office managers and advisors, and others working with grantmaking foundations.

Topics Covered

• Overview of Grantmaking for Private Foundations
• Grantmaking to Non-Charitable Organizations
• Expenditure Responsibility
• Equivalency Determination
• Grantmaking to Individuals
• Other Grantmaking Strategies
• Program Related Investments
• Donor Advised Funds
• Best Practices for Grantmaking
• Final Thoughts and Questions

Learning Objectives

• Gain an overview of creative grantmaking strategies a private foundation may utilize to accomplish its charitable purposes
• Identify what types of grantmaking activities may need advance approval from the IRS or additional paperwork in the grant file
• Recognize and apply best practices in grantmaking activities to achieve compliance with federal tax laws
• Describe what is typically included within the definition of a grant
• Recognize which grantee types is expenditure responsibility required for certain supporting organizations
• Identify the number of classifications for equivalency determinations
• Recognize which situation advanced IRS approval is required
• Identify which characteristic of a program related investment
• Recognize which type of program related investments is considered a qualifying distribution when initial and subsequent capital contributions are made

Level
Intermediate

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic experience with grantmaking strategies.

Advance Preparation
None