Welcome to EO Radio Show – Your Nonprofit Legal Resource. In this episode, Cynthia Rowland expands on an important concept that often comes up for private foundations when addressing the rules that require use of a minimum amount each year for charitable purposes. This is known in the industry as the minimum distribution requirement.
In episode 30, she talked about the general rules for computing a foundation’s distributable amount for the year. In this episode, she takes a closer look at how to satisfy See more +
Welcome to EO Radio Show – Your Nonprofit Legal Resource. In this episode, Cynthia Rowland expands on an important concept that often comes up for private foundations when addressing the rules that require use of a minimum amount each year for charitable purposes. This is known in the industry as the minimum distribution requirement.
In episode 30, she talked about the general rules for computing a foundation’s distributable amount for the year. In this episode, she takes a closer look at how to satisfy the minimum distribution rules by setting aside funds for a future purpose and tells a true story of a private foundation’s amazing resilience in using the set-aside rules in the face of regulatory roadblocks.
Link to episode 31 resources: https://www.fbm.com/exempt-organizations/publications/nonprofit-basics-set-asides-as-qualifying-distributions/
If you have suggestions for topics you would like us to discuss, please email us at eoradioshow@fbm.com.
Additional episodes can be found at EORadioShowByFarella.com.
DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.
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