Practical Considerations for Splitting a Private Foundation
September 29, 2022
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.
Be sure to join us as we cover these topics below.
Practical Considerations for Splitting a Private Foundation – September 29, 2022
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