Leaffer Law Group’s nonprofit attorney Becky Farr Seidel has published an article on “Maneuvering Through the Minefield of Private Foundation Termination” in Bloomberg BNA’s Tax Management Estates, Gifts and Trusts JournalTM. The article presents the different options available to private foundations facing changing circumstances and looking to transition their status without incurring costly taxes. In particular, it explores the unique details associated with the option of operating as a public charity, as well as distributions of net assets to a public charity or another private foundation as a means of terminating status.
