Self-dealing is a clear violation, and avoiding it is fundamental for private foundations. The foundation is a separate legal entity, and its funds should be exclusively used for charitable purposes.

Anxiety is a mental health issue impacting millions of people globally. In fact, anxiety is the world’s most common mental disorder and affected over 301 million people globally, according to a 2023 ...

Parenting can lead to some of the greatest joys in life. However, it can also lead to massive challenges. Just when you think you’ve mastered the tantrum-filled toddler years, suddenly you have a ...

On March 1, 2022, the IRS published its 128-page Exempt Organizations Technical Guide TG 58 Excise Taxes on Self-Dealing under IRC 4941. While not authoritative, the guidance addresses in great detail ...

The rules governing private foundations are extensive, but the thorniest restrictions are arguably those surrounding self-dealing. Treasury Regulations Section 53.4941(d)-1(b)(3) prohibit PFs from ...

A recently released Private Letter Ruling offers guidance on what constitutes self-dealing transactions between private foundations (PFs) and certain “disqualified persons.” To combat the temptation ...

As workers head back to their offices, a new study has found that “dealing with people” has become the biggest struggle workers are reporting when it comes to caring for their well-being. “Before and ...

How attorneys can identify and avoid potential situations of self-dealing. Attorneys’ professional obligation to report self-dealing when it occurs. The factors considered in imposing disciplinary ...