Brad Bedingfield to Present at Larry Kraus Family Office Tax Institute February Meeting
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 the Larry Kraus Tax Institute for Family Offices.
Practical Considerations for Splitting a Private Foundation
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.