Some private foundation laws are straightforward and logical; others are complicated and even counterintuitive. Don’t let fear of the law, though, keep you from enjoying your foundation’s incredible potential.
As foundation trustees or staff, you need not be nonprofit attorneys, but you do need to know the basic concepts and trouble spots of the main laws governing foundations. When legal questions arise, be sure to secure competent advice from qualified attorneys and accountants who are knowledgeable about private foundations and the intricacies of relevant laws.
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