Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2026 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
In recent years, 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 techniques have been around for many years but gained traction in light of the COVID-19 pandemic. Join us to discuss the ins and outs of these opportunities and determine whether any may be utilized by your foundation.
Publication Date: February 2023
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
Learning Objectives
- Identify 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
- Identify best practices in grantmaking activities to achieve compliance with federal tax laws
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic understanding of private foundations
Advance Preparation
None
Instructors
Clark Nuber
Located in the Seattle metro area, Clark Nuber PS is home to one of the largest single-office Not-for-Profit practices in the United States. This nationally recognized group is composed of over 80 professionals who specialize in serving more than 750 not-for-profits. These professionals take a broad, holistic view of the entire financial and regulatory ecosystem in which not-for-profits function.
Our involvement and investment in the industry extends beyond providing professional services to charitable organizations. Our shareholders and principals also present regularly at conferences and seminars tailored to the not-for-profit community. And, several leaders serve on national-level boards and committees that establish guidance and best-practices for the sector, including the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee, the TE/GE EO Council’s TIC-TAQ Forum, and the AICPA Exempt Organization Technical Resource Panel.
Additionally, Clark Nuber is the author of the Form 990 Compliance Guide and the Private Foundation Handbook and Compliance Guide.
Sarah Huang
Sarah is a tax principal at Clark Nuber P.S., based in the Seattle metro area. She focuses her practice on tax compliance and consulting for public charities and private foundations. During her time at Clark Nuber, she has provided extensive consulting services to our tax-exempt organizations on matters such as tax law changes, unrelated business income, alternative investments, foreign filing requirements, state tax filings, payroll taxes, organizational structuring, and donor acknowledgement requirements.
Sarah is a contributing writer and editor of the Form 990 Compliance Guide, published by CCH, and has written several articles for various publications, including a five-part series on donor acknowledgement for CCH. She is an associate member of the AICPA Exempt Organization Technical Resources Panel and is a member of the AICPA and Washington Society of CPAs.