Tag: self-dealing

corporate foundation (hands)

Should Our Company Establish a Corporate Foundation?

When used strategically, corporate foundations can advance a company’s philanthropic goals.  However, operating a corporate foundation comes with many legal obligations.  A company’s social impact goals may often be achieved more effectively or efficiently through other strategies. Therefore, it’s critical to assess …

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Form 990-PF Filers Beware! The Tricky Double Negative of Part VII-B

Paying compensation to directors of tax exempt private foundations can be a delicate matter, especially for relatively modest family foundations.  Most foundation managers are aware that such compensation is generally permissible under the Internal Revenue Code, as long as the compensation is …

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