From the pending divorce of a foundation’s founding board members to a lack of consensus on philanthropic focus, legal practitioners will occasionally come across a private foundation that has decided to split into two (or more) foundations. During these often-sensitive situations, it’s important to provide a framework for planning such an event. Join Foundation Source’s Chief Legal Officer Jeffrey Haskell along with non-profit accounting and legal experts, Amanda Adams and Brad Bedingfield, for this informative session that will cover the practical considerations for when a private foundation’s principals decide to go their separate ways including:
- How to split the foundation’s assets both fairly and practically
- How to avoid falling afoul of the strict and sometimes punitive tax and regulatory rules that can apply to foundation reorganizations
CFP, CIMA®, CPWA®, CIMC®, RMA®, and AEP® CE Credits have been applied for and are pending approval.