Statutory and Regulatory Compliance

The statutory and regulatory environment in which foundations operate is highly complex, and is likely to become increasingly so. There are long-standing prohibitions against self dealing on the part of family foundations and their trustees. Other rules, also on the books for decades, apply to minimum annual distributions that foundations are required to make, as well as to taxable expenditures and jeopardy investments which can subject foundations and their trustees to serious penalty assessments.

Many of these rules are of such complexity that they are frequently misunderstood. They require interpretation and judgment. We work with trustees to address these issues, and with the foundation’s legal counsel to facilitate compliance with these obligations.