April 24, 2024


4 Total CPE Credits


Webinar (CA): Private Foundations and Form 990-PF Basics 2023

  • Instructor

    Richard Ruvelson

  • Instructor

    Michelle Kushner

Learning Objectives

• Recognize transactions where excise tax rules apply to private foundations
• Identify differences between grantmaking and private operating foundations
• Learn the Section 4940 tax rate
• Determine the average fair market value calculation for cash and securities
• Recognize additional reporting requirements for foreign grant expenses and grants to other U.S. private foundations
• Recognize issues surrounding excess business holdings, self-dealing and program-related investments
• Identify fundamentals of the unrelated business income tax (UBIT) and understand the implications of final regulations affecting offsetting of income versus losses from alternative investments and changes to net operating loss reporting

Major Topics

• Private foundation excise taxes, generally
• Form 990-PF, including mandatory e-filing requirements
• The fair market value of the foundation's assets
• Income distribution requirements
• Self-dealing and transactions with disqualified persons
• Foreign grant-making and grant-making to private foundations and non-charitable entities in the US
• Excess business holdings
• Program-related investments
• Unrelated business income tax

CPE Credits Available

Total CPE

Things to Know About This Course

Course Level

  • Basic



Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

CPAs, attorneys and consultants


California CPA Education Foundation

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    $ 159 159
  • COCPA Non-Member

    $ 209 209
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