Family Foundation Handbook 2009

Front Cover
The Family Foundation Handbook provides comprehensive coverage of the legal, tax, and business aspects of forming and operating a family foundation. From grantmaking to investment management, accounting procedures to tax filings, and funding the foundation to protecting it from liability, this handbook provides coverage of all the issues a family foundation faces.This valuable resource provides forms, checklists, questionnaires, training forms, and other items to help provide the professional assistance every foundation needs.
 

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Contents

Chapter 2
2-1
Appendix 2A Type I and II Supporting Organizations IRS Guidesheets
2-85
Appendix 2C Private Operating Foundations and Exempt Operating
2-121
Chapter 3
2-134
Appendix 3A Sample Substantiation Form 323
3-23
Chapter 4
4-1
Chapter 5
5-5
Appendix 5A Stewardship Principles for Family Foundations 5103
5-103
Chapter 7
7-1
Appendix 7B Sample Structured and Unstructured Grant
7-4
Appendix 7A U S Department of the Treasury AntiTerrorist
7-107
Instructions and Guidelines 7123
7-123
Appendix 7D Sample Unstructured Grant Application Form 7131
7-131
Appendix 7F Sample Grant Followup Form 7137
7-137
Appendix 71 Sample No Letter Denying Grant 7143
7-143
Appendix 8A Family Foundation Budget Worksheet 879
8-79

Appendix 5B Sample Bylaws for a Family Foundation 5111
5-111
Appendix 5C Sample Meeting Minutes with Corporate Resolution 5121
5-121
Appendix 5E Sample Conflict of Interest Statement 5127
5-127
Appendix 5H Board Liability Checklists 5137
5-137
Appendix 6A Disqualified Persons IRC 4946 657
6-57
Appendix 6B Taxes on SelfDealing IRC 4941 665
6-65
Appendix 6C Taxes on Failure to Distribute Income IRC 4942 687
6-87
Appendix 6D Taxes on Excess Business Holdings IRC 4943 6109
6-109
Appendix 6E Taxes on Jeopardizing Investments IRC 4944 6117
6-117
Appendix 6F Taxes on Taxable Expenditures IRC 4945 6125
6-125
Appendix 8D Sample Endowment Fund Investment Policies 889
8-89
Appendix 8F Uniform Prudent Investor Act 8139
8-139
Appendix 8H Uniform Prudent Management of Institutional Funds Act 8147
8-147
Appendix 81 Comparison of Fiduciary and Institutional
8-155
Incorporate New Interests 922
9-1
Table of Cases TC1
9-47
Table of Treasury Regulations TTR1
TM-7
Index M
1-1
Copyright

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About the author (2008)

Jerry J. McCoy, Esq. is an independent attorney in Washington, D.C., specializing in charitable tax planning, tax-exempt Organizations, and estate planning. He holds law degrees from Duke University and New York University. A member of the American Law Institute and a fellow of both the American College of Trust and Estate Counsel (ACTEC) and the American College of Tax Counsel, Mr. McCoy is listed in Who's Who in America, Who's Who in American Law, and The Best Lawyers in America. A frequent presenter at planned giving, tax, and estate planning seminars, he serves on the adjunct faculties at the Georgetown University Law Center and the University of Miami Law School. He is chairman of the Charitable Planning and Exempt Organizations Committee of ACTEC.

Kathryn W. Miree, Esq. is president of Kathryn W. Miree & Associates, Inc., a consulting firm that works with nonprofits to develop planned giving programs. She spent 15 years in various positions, including manager of the Personal Trust Department, in the Trust Division of a large bank where she handled estate, charitable trust, and foundation administration. She joined a regional brokerage firm in 1994 to start its trust company. She established Kathryn W. Miree & Associates, Inc. in 1997. Ms. Miree is a past president of the National Committee on Planned Giving, the founding president of the Alabama Planned Giving Council, a past president of the Estate Planning Council of Birmingham, Inc., and a past member of the Board of the National Association of Estate Planners & Councils. She currently serves on a number of foundation and nonprofit boards. She is the author of Professional Advisors' Guide to Planned Giving. She is a frequent lecturer on nonprofit management and fundraising.

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