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Private Foundation Tax Considerations
Not-for-Profit
Webcast

Private Foundation Tax Considerations

Explore tax considerations for private foundations with expert guidance for CPAs. This session helps you navigate complex regulations and support clients in achieving their philanthropic goals.

$0 - $109
Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Format

Webcast

Date

Aug 26, 2026

NASBA Field of Study

Taxes

Level

Intermediate

CPE Credits

2

Instructor

Elizabeth Lauren Simpson, Daniel Romano

Availability

Product Number

WC5191540

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 Business & partner 
Product Details

A CPA’s guide to compliance and strategy

Private foundations operate under complex tax rules that require careful attention to maintain compliance and avoid costly penalties.

This webcast provides CPAs with an in-depth review of key tax considerations.

Through practical examples and expert insights, you’ll learn strategies to:

  • Navigate these regulations effectively
  • Mitigate risks
  • Support your clients’ philanthropic goals

Ideal for professionals seeking to deepen their expertise in private foundation compliance and planning.

Key Topics

  • Overview of federal tax rules governing private foundations
  • Excise tax requirements and calculation methods
  • Minimum distribution requirements and payout planning
  • Self-dealing restrictions and common compliance pitfalls
  • Taxable expenditures and prohibited transactions
  • Reporting obligations and Form 990-PF essentials
  • Strategies for tax-efficient planning and risk mitigation

Learning Outcomes

  • Determine key federal tax requirements for private foundations, including excise taxes and minimum distribution rules.
  • Apply strategies to maintain compliance and avoid common pitfalls related to self-dealing and taxable expenditures.
  • Use planning opportunities to optimize tax efficiency while supporting philanthropic objectives.

Who Will Benefit

NFP tax preparers and users of NFP tax returns

Credit Info
CPE Credits
2
NASBA Field of Study
Taxes
Level
Intermediate
Prerequisites
Knowledge of the not-for-profit industry
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
2 hrs
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA or CIMA membership? Log in to apply your member discount.
Nonmembers
$109.00
AICPA Members
$89.00
CIMA Members
$89.00
NFP Section Members
$0.00

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)

Contact us
Speakers
Elizabeth Lauren Simpson
J.D.
Lauren Simpson represents US and international tax-exempt organizations on a wide range of issues, including corporate governance, formation and structuring, tax and regulatory compliance, operational policies and procedures, fundraising, domestic and international grantmaking, investment activities, and lobbying and political campaign issues, among others. She also advises on establishing and managing relationships between tax-exempt organizations and for-profit entities, including program and mission-related investments, the creation of incubators and accelerators, and licensing and service arrangements. Her clients include private foundations, public charities, social welfare organizations, business leagues, and impact investors. As part of her work, Lauren helps clients to obtain and retain tax-exempt status, and advises exempt organizations in structuring complex grants and asset contributions, creating and leveraging innovative structures to increase charitable impact and facilitate compliance, and managing federal tax and state regulatory compliance relating to mergers, acquisitions, reorganizations, impact investments, and other activities. She also helps for-profit entities undertaking corporate philanthropy, volunteer initiatives, and joint ventures or other affiliations with tax-exempt organizations, and assists both nonprofit and for-profit clients engaging in activities implicating state charitable solicitation laws, including cause marketing initiatives. Lauren regularly advises clients on best practices for nonprofit boards, unrelated business income tax matters, excess benefit transactions and self-dealing, excess business holdings issues, program-related and mission-related investments, lobbying and political campaign issues, and executive compensation matters. Lauren is a frequent speaker at conferences, seminars, and workshops on exempt organization matters. Most recently, she has spoken on topics including advanced issues in charitability, with a focus on food, energy, and the environment, lobbying and political campaign activities, fundraising and commercial co-venture compliance, and donor-advised funds.
Daniel Romano
Dan is a principal and leads Grant Thornton Advisors LLC's Not-for-Profit Tax Industry practice which serves tax-exempt organizations including colleges & universities, private foundations, cultural institutions & trade associations throughout the country. For over 30 years Dan has provided tax consulting and compliance services to tax-exempt organizations on such matters as unrelated business income, joint venture structuring, employment taxes, private benefit issues and other compliance needs. For clients, Dan has facilitated tax minimization, contract review and structuring, operational, governance and procedural reviews as it relates to tax matters. Dan has worked with numerous charities, universities, foundations, and other not-for-profit organizations across the country, including some of the most prominent institutions within their fields. Dan is a board member and treasurer of Oceanic Global Foundation and a board member of Mission Magazine and the Italian American Sport Foundation. Dan graduated from Baruch College with a BBA degree in Accounting.
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