Distributions from Private Foundations: Rules, Pitfalls, and Best Practices

The rules governing grants and other distributions from private foundations are complex, and the penalties for noncompliance can be significant. Topics covered include:

  • How the mandatory 5% distributable amount is calculated
  • What types of distributions qualify (or not) toward meeting the payout requirement
  • The penalties and taxes that can apply if the rules are not followed
  • Internal procedures that can help a private foundation stay in compliance
  • How these rules intersect with the myriad other provisions affecting private foundations

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Instructors

BNN Events and publications are intended to provide general information to our clients and friends. It does not constitute accounting, tax, or legal advice; nor is it intended to convey a thorough treatment of the subject matter. The content included here is accurate as of the date it was published. Please contact Baker Newman Noyes for additional assistance.