Foundation Source reviews hundreds of 990-PFs each year that were prepared by other organizations. Here are common errors we see.
Resources tagged as: "Compliance" Clear
Many problems can be easily avoided through a basic understanding of the rules that govern foundations, which are explained here.
A guide by Foundation Source with step-by-step instructions and formulas for calculating a private foundation’s annual 5% distribution requirement.
Foundations may pay compensation for an insider’s personal services as long as the compensation is “reasonable and necessary.”
Salaries Paid to Foundation Insiders Require Strict Adherence to IRS Rules
This paper provides helpful tips on how a foundation can avoid some of the potential pitfalls surrounding charitable pledges.
What are the key ingredients to a truly exceptional foundation? Learn how you can soar to new heights with this informative booklet.
Maximize your foundation’s tax savings and minimize its exposure.
With careful planning, a private foundation can reduce its excise tax rate from 2% to 1% in select years.
Five most common compliance issues donors make when first launching their private foundations.