Family Foundation Handbook (2009)

The Family Foundation Handbook provides comprehensive coverage of the legal, tax, and business aspects of forming and operating a family foundation. From grantmaking to investment management, accounting procedures to tax filings, and funding the foundation to protecting it from liability, this handbook provides coverage of all the issues a family foundation faces.This valuable resource provides forms, checklists, questionnaires, training forms, and other items to help provide the professional assistance every foundation needs. * Updated coverage of the Pension Protection Act of 2006 changes and post-enactment developments, including IRS Guidesheets and Explanations on supporting organizations * Dealing with your supporting organization after it becomes a private foundation * Engaging younger generations through Kitchen Table Philanthropy * Comparing the options available to the family contemplating a family foundation after the Pension Protection Act of 2006 * The most recent statistics of family foundation trends and profiles from The Foundation Center, the Council on Foundations, the Association of Small Foundations, the Giving USA Foundation, and the Internal Revenue Service. * New and expanded court cases addressing private foundation issues from the Tax Courts and the IRS. * News stories focusing on private foundation litigation and cautionary tales of foundation manager liability. * The latest data on staff salaries and guidelines. * Updated lists of foundation resources including charitable trade groups, online research sites, international grantmaking entities, socially responsible investment firms, administrative software, and more. * A review of the new Uniform Prudent Management of Institutional Funds Act (UPMIFA) and progress in adopting UPMIFA across the country.