The Legal Answer Book for Private Foundations

Because of a provision in the tax code and the increase of the newly wealthy who are looking to do good and shield some of their income from taxes, there has been an explosion in the number of private foundations that have developed since 1996. Because of increased IRS attention, new and experienced private foundation executives and their counselors need guidance on issues related to the way foundations are set up, who sits on their board, how they invest their endowment, and how funds are distributed to grantees. This book guides private foundations through the unique and complex set of (mostly tax) regulations that govern everything from how much money they give away to their investment policies and procedures.

BRUCE R. HOPKINS is the country’s leading authority on the law of tax-exempt organizations and a lawyer with the firm of Polsinelli, Shalton & Welte, PC. He is the author of more than a dozen books, including The Legal Answer Book for Nonprofit Organizations; The Second Legal Answer Book for Nonprofit Organizations; The First Legal Answer Book for Fund-Raisers; and The Second Legal Answer Book for Fund-Raisers; as well as the monthly newsletter The Nonprofit Counsel, all published by Wiley.