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A tax how-to guide for private foundations

As long as your private foundation doesn’t engage in activities unrelated to its tax-exempt mission, it will enjoy exemption from income taxes. But there’s no blanket immunity from all taxation. Unlike their public charity counterparts, foundations can be levied an assortment of excise taxes. And they are subject to complex tax rules of Internal Revenue Code Chapter 42 of the Internal Revenue Code. Navigating compliance with those rules and others is crucial to effective tax planning.

Our tax professionals wrestle with the issues confronting private foundations on a daily basis. From excess business holdings to self-dealing, from expenditure responsibility compliance to unrelated business income tax planning, our experience is broad. We have gained it in service to all types of private foundations, including small family foundations and some of the largest private grant-making foundations in the world.


Because compliance with the Code can be daunting, we offer your foundation a tax guide for issues you’re likely to encounter.





Contact us. We’re here to be your guides.


Scott Thompsett
Managing Director
Tax Services
Not-for-Profit and Higher Education
T +1 631 577 1867

Daniel Romano
National Partner-in-Charge
Tax Services
Not-for-Profit and Higher Education
T +1 212 542 9609