While the operation of association-related foundations has become more and more common in recent years, there remains a lack of understanding among association and foundation professionals as to how to effectively manage the accompanying legal and tax risks. This session will address how to maintain true separateness while staying closely affiliated to the related association as well as provide tips on managing the unique 501(c)(3) tax risks that foundations face.
- Identify what structural and practical steps should be taken in order to maintain separateness
Learn about practical and effective approaches to managing shared services and shared facilities
Understand the IRS's enforcement approach with regard to related foundations