Frequently asked questions about legal basics and anti-terrorism.
Compliance with the myriad of statutes, regulations and other rules that govern foundation operations requires constant diligence and oversight. The Council provides resources and guidance on a variety of compliance topics including expenditure responsibility, self-dealing, public reporting and disclosure requirements, as well as information regarding penalties, excise taxes and other consequences of noncompliance.
As a benefit of membership, the Council on Foundations attorneys and legal staff provide information and education to Council members regarding a variety of topics related to foundation operations and legal compliance. All information on this website, and all publications, articles, e-mail correspondence and telephone consultations provided by Council attorneys and legal staff are intended for informational purposes only and not as part of an attorney-client relationship. Council attorneys are not licensed in every state and cannot provide legal representation. The information is not a substitute for expert legal, tax or other professional advice tailored to your specific circumstances, and may not be relied upon for the purposes of avoiding any penalties that may be imposed under the Internal Revenue Code. Council members may e-mail firstname.lastname@example.org with inquires and for more information.
In-Depth knowledge on Compliance & Oversight
Understanding the challenges of currency fluctuations on international grantmaking, and taking action to minimize their impact can ensure that this natural process does not become an added barrier to overseas giving.
This question regarding the permissibility of a corporate matching gift contribution to a public television station, when appreciation gifts are provided.
This brief provides practical advice and tips on setting strategy, ensuring an on-the-ground presence, and selecting partners for U.S.-based companies with foundations and/or giving programs that are either venturing into the international giving arena or
Matching gift options for disaster grantmaking.
Legal issues arise when a private foundation makes a grant to an Initial Grantee that is not a 501(c)(3) organization or that re-grants the Foundation's funds to a Secondary Grantee that is not a 501(c)(3) organization.