TAX2508. Tax Exempt Organizations, Charities, and Nonprofits Update

This session will discuss the top issues affecting nonprofits and the funders who create and support them, including different types of charitable gifts, donor acknowledgment, and what to be aware of when a controlled private foundation is in a business or family ecosystem. We will also cover how donors utilize and fund not only public charities, but 501(c)(4) social welfare organizations and other types of tax-exempt vehicles as well.

Learning Objectives:

• Determine the different tax benefits gained by type of asset donated to different types of entities.
• Indicate the importance of proper donor acknowledgment and qualified appraisals.
• Distinguish different charitable vehicles.
• Identify private foundation prohibitions when dealing with disqualified persons.