The self-dealing rules can—and do—trip up even the most seasoned and well-intentioned private foundations. Each year, Exponent Philanthropy fields dozens of questions from members who have unwittingly fallen (or are about to fall) prey to these counterintuitive rules.
We asked attorneys at one of the country’s top private foundation law firms what self-dealing scenarios they encounter most. The examples highlight specific self-dealing issues and suggest how to resolve them.
Do you make it a point to review the self-dealing rules each year and seek out expert advice?
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