Skill Building

Year End Planning for Private Foundations

Year End Planning for Private Foundations

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Members Only

Event details

Wednesday, September 14, 2022
10:00am to 11:30am PDT
Virtual
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About this event

Private foundations are required by law to distribute a percentage of their assets on an annual basis, but the calculations are often complex, and many foundations miss out on critical opportunities to preserve their corpus and plan for the future.

Join us for this training to discuss strategies for managing the annual private foundation payout requirement. We'll walk through the mechanics of the annual payout, discuss various payout strategies used by foundations to accomplish their charitable goals and other tax considerations before the foundation’s year-end.

This training will discuss:

  • Calculation of the annual private foundation payout requirement
  • Strategies and opportunities for valuing alternative investments
  • Reminder of what types of expenses count towards the annual payout requirement
  • Strategies for planning ahead to accomplish charitable goals and maintaining an endowment for the future

Speakers

Lisa McCreedy, Senior Manager, Clark Nuber P.S. 

Lisa is a senior manager in the tax services group at Clark Nuber P.S. Over her nine years with the Clark Nuber, she focuses her practice primarily on tax compliance and consulting matters for private foundations and a variety of public charities. She enjoys diving into complex issues relating to nonprofits Federal and State tax compliance filings, alternative investments, international activities and unrelated business taxable income.

Lisa serves as treasurer of the local chapter of a Professional Fundraiser’s Association and is a member of the AICPA and the Washington Society of CPAs.

 

Kathryn Okimoto, Principal, Clark Nuber P.S. 

Kathryn is a principal in the tax services group at Clark Nuber P.S., and has been with the firm for 17 years. She works exclusively with private foundations, public charities and their related entities assisting them with tax compliance and consulting matters, including federal and state tax filings, unrelated business taxable income issues, alternative investments, foreign reporting, IRS audit readiness, payout modeling and grant file completeness. 
 

Kathryn was a contributing writer and editor for the Form 990 Compliance Guide and Private Foundation Handbook and Compliance Guide, both published by CCH. She is a member of the Washington Society of CPAs, AICPA and is licensed both in Washington State and Hawai'i.
 

Eligibility

This training is open to all Philanthropy Northwest members. It is recommended for leaders of private foundations; CFOs, controllers and accountants at private foundations; foundation board members and officers; family office managers and advisors; and anyone else looking for a refresher on private foundation payout requirements.

Please contact JulieAnne Behar with any questions.

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