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