Private Foundations

While private foundations and public charities share the same exemption designation of 501(c)(3), there are many distinct differences in their legal, operational, regulatory and tax reporting requirements – making their governance and management challenging for their executives and boards.

Knowledgeable leaders can only maximize the impact of their foundations in advancing their charitable purposes when they are aware of and carefully manage various issues and obstacles that can expose the foundation and its leaders to liability and IRS penalties.

For Purpose Law Group understands these unique challenges and can assist private foundation leaders in navigating the obstacles, ensuring compliance and mission advancement.