Yet it can also be a daunting task. It can be difficult to keep up with regulations, which are always changing, as well as the required paperwork and IRS filings. That’s why so many philanthropists outsource these responsibilities to Foundation Source, the leading provider of comprehensive administrative and compliance monitoring services for private foundations.
No matter how you administer your foundation, a basic understanding of the rules that govern private foundations can help you STEER CLEAR OF TROUBLE. This booklet summarizes 10 common issues and pitfalls we encounter in the daily administration of more than 2,000 private foundations.
This information is provided to make donors, directors, staff, and advisors more aware of some of the factors that govern private foundations. It is not intended as a substitute for legal, tax, or investment advice, nor should it be construed as a comprehensive guide to foundation rules.
We hope you find this booklet valuable and informative.
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