Private Foundations – February 26, 2014



Dirty Dozen Transgressions


Private Foundations


February 26, 2014

10:00 AM-11:40PM (Pacific Time)


Conducted by:

Brian Yacker, JD/CPA

Lauren Haverlock, CPA


Cost:   $179

Save $30 if you register on or before February 14, 2014

Webinar – Group Internet Based


Register Now!


About This Webinar:


Subject Matter

You are invited to attend the tenth in the series of educational exempt organization webinars conducted by Brian Yacker and Lauren Haverlock of YH Advisors.

This webinar is a follow-up to our most recently conducted webinar which addressed how §501(c)(3) organizations qualify as being a publicly supported public charity. Notwithstanding the fact that private foundations are §501(c)(3) organizations just like public charities, they are regulated differently and significantly more restrictively than public charities. Unfortunately, since many individuals working in the exempt organization sector do not sufficiently realize the significant differences between private foundations and public charities, this leads to many errors being committed.

That being said, this webinar will address the most common and significant errors and transgressions of private foundations which we have identified, including the following:

  1. Calculating the gross investment income
  2. Allocating of expenses on Part I of the Form 990-PF
  3. Calculating fair market value of a private foundation’s assets
  4. Calculating a private foundation’s minimum distribution requirements
  5. Identifying disqualified persons
  6. Documenting loans from disqualified persons
  7. Adequate addressing of the “free tickets” situation
  8. Documenting reasonable compensation
  9. Adequately addressing expense reimbursements of disqualified persons
  10. Adequately avoiding making grants to entities other than domestic public charities
  11. Securing approval to make scholarship grants to individuals
  12. Documenting grants made to foreign charities

This webinar will be focused upon providing the exempt organization practitioner and exempt organization (private foundation) executive/financial personnel with guidance and valuable resources/tools to best ensure that they are correctly understanding all of the applicable private foundation rules and regulations. There are no prerequisites and no advance preparation required for attending this webinar.

Learning Objectives

  • Gain an understanding of the most important private foundation rules and regulations.
  • Become aware of the most significant Form 990-PF reporting issues.
  • Become familiar with the most prominent excise taxes imposed on private foundations.
  • Receive answers to your most pressing private foundations questions.


For those registering for this webinar on or prior to February 14, 2014, the cost is $149. For those registering on or after February 15, 2014, the cost is $179. Please see below if you plan to have multiple attendees in the same location.


As with our prior webinars, this webinar will be conducted through GoToWebinar. We offer webinar attendees the option to access the audio portion of our webinars either through their computers (VOIP) or via a telephone call-in number. A recording of this webinar will be available soon after the conducting of the webinar if you are unable to attend the webinar at the scheduled time.


Two (2) hours of CPE credit will be provided to all separately registered attendees of the webinar who complete all of the required polling questions and who complete/submit a webinar evaluation form. Only the registered attendee who logs into the webinar, responds to the polling questions and completes and submits the evaluation form will receive CPE credit. If CPE is not needed for multiple attendees at the same location, it is certainly permissible if others in the same location attend the webinar at no additional cost. If CPE credit is needed for multiple attendees at the same location, such can be obtained for $89 per attendee who desires a CPE certificate.


  • Knowledge:   Basic
  • Prerequisites:    None
  • Advanced Preparation Required:   None

Registration Instructions

  • Registration is available on January 28, 2014.
  • If the link above does not work:
    • Visit
    • Click “Join a Meeting”
    • Type in Meeting ID “402371647″
    • Complete your registration here!
  • After you complete your registration with GoToWebinar, you should be automatically redirected to PayPal to remit payment for your registration. If you do not get automatically redirected, please use the following link to remit payment and complete your registration. Please note, the failure to pay via PayPal after your registration may result in an automatic registration “rejection” from GoToWebinar. If you have reason to believe that you received the rejection in error, please do not hesitate to contact Brian Yacker at
  • To register additional participants, please  email to Brian Yacker at providing the additional participants’ names and email addresses in addition to the name of the participant who has already registered and paid in full using GoToWebinar. We will then forward you a link for payment in addition to the required attendance monitoring forms.
  • Further instructions will be sent to you prior to the webinar. Please check your emails for the webinar instructions that will come directly from GoToWebinar.
  • For the meeting, you will be required to log in online. The meeting will be streamed live, but there will also be options available for joining a conference call.
  • Please email with any questions you might have or give us a call at 310-982-2806.


Refunds Policy:
All cancellations must be received 48 hours in advance to receive a full refund.  After that time the full fee will be forfeited but registrants can still receive the presentation materials upon request.  We allow substitution of participants at any time.  For any questions regarding our refund policy, please contact Lauren Haverlock at 310-982-2804 or
Program Cancellation Policy:
In cases where YH Advisors must cancel a course, each registered participant will be notified at least 24 hours prior to the class via email. A full refund or credit toward a future class will be provided.  For any questions regarding refunds or cancellations, please contact Lauren Haverlock at 310-982-2804 or
Complaint Resolution:
All complaints will be carefully reviewed and responded to for prompt resolution.  For any questions or complaints, please contact Lauren Haverlock at 310-982-2804 or
CPE Information:
YH Advisors, Inc.  is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: