Private Foundations and Form 990-PF Essentials

Overview

Data Visualization is part science and part art, from understanding why our brains process color more quickly than a table of numbers, to making use of white space and keeping visuals on brand. There are many facets to this exciting field. Mastering them will help you deliver exceptional visuals that deliver clear messages and build your credibility.

Highlights

• Private foundation excise taxes, generally
• Form 990-PF, including mandatory e-filing requirements
• The fair market value of the foundation's assets
• Income distribution requirements
• Self-dealing and transactions with disqualified persons
• Foreign grant-making and grant-making to private foundations and non-charitable entities in the US
• Excess business holdings
• Program-related investments
• Unrelated business income tax

Prerequisites

None.

Objectives

• Recognize transactions where excise tax rules apply, including excess business holdings and self-dealing.
• Identify differences between grantmaking and private operating foundations, and key reporting requirements.
• Learn the Section 4940 tax rate, fair market value calculations, and basics of the Unrelated Business Income Tax (UBIT).

Preparation

None.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.