PFS2303. A Historical Look at Private Foundations and Partnership Investments

This session will provide a historical look at partnerships investments, beginning with Plumsted Theater and moving through recent court cases and the current IRS workplan to gain a perspective on where we have been, where we are today, where there is clear guidance, where additional guidance is needed, and where private foundation are needing to document their filing positions.

Learning Objectives:

• Recognize partnership law as applicable to private foundations
• Recall how chapter 42 provisions impact partnership investments
• Identify how partnership and private foundation law has evolved over time