The Family Foundation Handbook provides comprehensive coverage of the legal, tax, and business aspects of forming and operating a family foundation. From grantmaking to investment management, accounting procedures to tax filings, and funding the foundation to protecting it from liability, this handbook provides coverage of all the issues a family foundation faces.This valuable resource provides forms, checklists, questionnaires, training forms, and other items to help provide the professional assistance every foundation needs.

The 2008 Edition of the Family Foundation Handbooks incorporates the changes in tax law and practice that have occurred in this complex and constantly changing field. Highlights include:

                     Complete description and explanation of changes made to private foundation guidelines as legislated in the Pension Protection Act of 2006, including the areas of supporting and supported organizations, and donor-advised funds.

                     Updated state legislation

                     Updated statistics on foundations and their make-up

                     Explanation of UPMIFA

Topics and Contents

Foundation Basics

To Create a Family Foundation

Charitable Trusts to Fund the Family Foundation

The Family Foundation

Restrictions

Administration

Issues

Bibliography

Table of Cases

Table of Statutes

Table of Treasury Regulations

Table of Letter Rulings, Revenue Procedures, and Revenue Rulings

Index