Earn CE Credit | Discover procedures needed to remain IRS compliant

Exploring Grants to Individuals:

Clearing Up Misconceptions and Compliance Considerations For Foundations

DATE:
Wednesday
March 19, 2025

TIME:
1:00 PM EDT
10:00 AM PDT

When disasters such as the recent southern California wildfires and other crises strike, private foundations are poised to help quickly by granting directly to individuals. In addition to disaster relief, private foundations can also provide hardship assistance grants, scholarship grants, awards, and even prizes.

Regardless of what type of grants to individuals a foundation may choose to make, certain procedures must be followed to remain compliant with IRS rules. Join Foundation Source's Chief Legal Officer and Deputy Legal Officer as they will clear up some common misconceptions and share the special considerations when making grants to individuals.

Some of the topics covered will include:

Why would a private foundation want to make grants to individuals?
When is IRS approval needed and what’s at stake when a private foundation doesn’t comply with applicable IRS rules for grants to individuals?
The IRS requirements applicable to grants to individuals (other than possible advance approval).
Types of grants to individuals and special requirements for each (scholarships/emergency/financial hardship/prizes and awards).
Special rules for employer-sponsored disaster relief and employer-related scholarships.

CFP, CIMA®, CPWA®, CIMC®, RMA®, and AEP® CE Credits

have been applied for and are pending approval.

Jennifer Bruckman-Gorak

Deputy Legal Officer

Foundation Source

Jeffrey Haskell

Chief Legal Officer

Foundation Source

Susan R. Lipp - Moderator

Editor in Chief

Trusts & Estates Magazine

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