On October 8, 2014, Christine Woodcock Dettor and David A. Holstein served on a CNY Community Foundation luncheon panel and presented changes in laws and regulations affecting compliance for private foundations. The panel was moderated by Peter Dunn, President & CEO of the CNY Community Foundation. Topics included:

  • Changes from the Nonprofit Revitalization Act of 2013 for which
  • private foundations will need to accomodate
  • Regulations and rulings from the IRS that affect private foundations
  • Life cycles of private foundations and options for transition
  • Case studies

Christine and David have extensive experience in working with not-for-profit organizations and foundations as members of the Bousquet Holstein Not-for-Profit Organizations Practice Group. The firm’s work on behalf of not-for-profit organizations includes compliance with federal and state exempt organization tax laws, including Section 501(c)(3) of the Internal Revenue Code and state laws governing exemptions from real property tax and sales and use tax; unrelated business income tax (UBIT) and related issues; self-dealing and intermediate sanctions issues arising from executive compensation and other arrangements with staff, board members, donors and their families; and planned giving arrangements, and other types of charitable gifts. Bousquet Holstein attorneys also advise clients on organizational structure, entity formation, and fundamental governance issues including the fiduciary duties of board members and officers, conflicts of interest, committee responsibilities and charters, and indemnification rights.

PowerPoint Presentation Materials:

Private Foundation Panel Discussion October 2014