Webcast: Private Foundations and Form 990-PF Basics (CAFPFB16)
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When: 06/29/2016
10:30 AM until 2:00 PM
Where: Webcast
United States
Presenter: Richard Ruvelson, J.D.

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Acronym CAFPFB16
CPE 4 hours
Vendor CalCPA
Level Basic
Prerequisite None
Adv Prep None
Who should attend CPAs, attorneys and consultants who work with private foundation clients.
Members $120
CPA Non-Members $188

The Member rate applies to LCPA members, reciprocal state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.


Gain an overview of private foundation excise tax rules and their implications for the completion of Form 990-PF, which will include a discussion of the various parts of the form. We'll also dig into the differences between non-operating (grant making foundations) and operating foundations; different private foundation excise taxes; and the significance of columns (a)-(d) in Part I of the form, as well as expense allocation in Part I, which includes allocation of indirect costs between net investment income and charitable expenses. There also will be overviews of the expenditure responsibility requirements for foreign grants and grants to domestic private foundations, the income distribution calculation and the unrelated business income tax (UBIT), including a discussion of state filing.

Formerly titled: Form 990-PF: Private Foundation Basics

Materials are provided as an ebook.



  • Recognize transactions where excise tax rules are applicable to private foundations
  • Identify differences between grant making and private operating foundations.
  • Recall how organizations qualify for the 1 percent rate of the Section 4940 excise tax on investment income.
  • 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.
  • Identify fundamentals of the unrelated business income tax (UBIT).





  • Private foundation excise taxes
  • Fair market value of the foundation's assets
  • Income distribution requirements
  • Self-dealing and transactions with disqualified persons
  • Foreign grant making
  • Unrelated business income tax