Brad Bedingfield to Co-Present Practical Considerations for Splitting a Private Foundation Webinar
Brad Bedingfield, chair of the Nonprofit Group at Hemenway & Barnes, will present alongside Foundation Source’s Chief Legal Officer Jeffery Haskell, and tax services expert Amanda Adams in a discussion about what to consider during a private foundation split. This webinar is presented by Wealth Management and moderated by Susan Lipp, Editor in Chief, Trusts & Estates.
About the Webinar
From the pending divorce of a foundation’s founding board members to a lack of consensus on philanthropic focus, legal practitioners will occasionally come across a private foundation that has decided to split into two (or more) foundations. During these often-sensitive situations, it’s important to provide a framework for planning such an event. This informative session will cover the practical considerations for when a private foundation’s principals decide to go their separate ways including:
- How to split the foundation’s assets both fairly and practically
- How to avoid falling afoul of the strict and sometimes punitive tax and regulatory rules that can apply to foundation reorganizations
Brad assists private foundations and public charities with navigating complex tax regulations and procedures, including receipt and disposition of complex charitable gifts and participation in innovative forms of impactful philanthropy.