The PNY Core: Legal Series provides an overview of the legal and regulatory boundaries in a number of key legal topics. The series launches with this high-level overview of the legal dos and don'ts across your day-to-day philanthropic work. Come learn about the wide range of activities both within and beyond grantmaking that could help your foundation advance its mission.
The self-dealing, conflict of interest, and related party transaction rules for private foundations are among the most complex and important considerations in foundation operations and governance. Did you know that violations of the self-dealing tax rules may result in costly excise taxes and even loss of tax-exempt status? Additionally, mishandled conflicts of interest or related party transactions raise fiduciary concerns that may lead to Attorney General scrutiny or worse. Learn about these topics so that you can be better at spotting issues before they turn into legal problems.
Who should attend?
All interested funders, regardless of roles at your foundation. What to expect: presentation followed by Q&A. CLE Credit Available: 1.5 hours, Professional Practice.
What will you learn?
- Who is a "disqualified person," and who is a "related party"
- The identification of an "act of self-dealing" under Federal tax law or a "related party transaction" under New York State law
- Common "self-dealing" pitfalls and how to avoid them
- Conflicts of interest and how to address them
- John Sare, Partner, Exempt Organizations Group, Patterson Belknap Webb & Tyler LLP
What else should I know?
If you’re interested in this session, you might be interested in one or more of the following in the PNY Core: Legal Series:
- November 3, 2021 - Within the Law and Outside the Box
- January 26, 2022 - Best Practices in International Grantmaking
- February 3, 2022 - Self-Dealing (Family Foundations & Family Offices)
- April 7, 2022 - Making Grants to Individuals
- July 14, 2022 - Fiscal Sponsorships - Best Practices and Common Pitfall
How do I sign up?
Members: Please log in and click the Register Now link above (no fee).
Registration is required by February 2nd.
Registrants will receive the webinar link a day prior to each session.
Please email email@example.com with questions or for further information on this program or on eligibility.