Setting Staff Compensation - Exponent Philanthropy

Setting Staff Compensation

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If your private foundation chooses to hire paid staff, the Internal Revenue Service (IRS) states that compensation must be “reasonable,” and the services provided must be “reasonable and necessary” to carry out the foundation’s tax-exempt purpose.

Are you familiar with how the IRS defines “reasonable” compensation and “reasonable and necessary” services? These terms are key when setting staff compensation.

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