Check out last year’s agenda for a sneak peek at the type of content we offer.
Check back soon for the full 2020 agenda!

7:00AM-5:40PM

7:00AM-8:00AM

13

Thursday
8:10AM-9:00AM

PFS1901. Exempt Organization Update: Impact of Tax Law Changes

Instructor: Jane Searing
Knowledge Level: Update
Field of Study: Taxes
CPE Credits: 1.0

This session will provide an update on tax law changes, IRS guidance, rulings and priority guidance plans from one of the foremost legal advisors to the tax exempt sector.

Learning Objectives:

  • Understand status of current tax provisions
  • Identify how IRS guidance on the TCJA of 2017 may impact private foundations

13

Thursday
9:05AM-10:20AM

PFS1902. How Private Foundations Fit into Complex Modern Charitable Giving Structures

Instructor: Brian Manca, Tomer Inbar
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

Today’s philanthropists are using private foundations as only one tool in the toolkit to achieve greater impact. From individuals to corporations there are diverse goals, some of which cannot be achieved solely using a private foundation. Choosing the right vehicle is important to achieving goals. Some of the tools include LLCs, public charities, social welfare organizations, for-profit entities, other hybrid pass-through entities, and donor-advised funds (DAFs). Effective use of these "tools" requires knowledge of the rules governing them as well as their relative strengths and weaknesses. During this session, we will discuss examples of private foundations being effectively combined with other entities to achieve enhanced philanthropic results.

Learning Objectives:

  • Understand how private foundations interact with other types of organizations
  • Understand how organizations can be disqualified persons to a disqualified person and why it would be important

13

Thursday
10:40AM-11:55AM

PFS1903. Learning Outcomes of Implementing Reporting Standards and Contributions Received/Made

Instructor: Dwight Koda, Deby MacLeod
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

A panel of experts discuss the new standards and how their respective organizations have dealt with implementation issues.

Learning Objectives:

  • Participants will learn various perspectives on implementation of the most sweeping NFP standards changes in 20 years in including a deep dive on NFP reporting (ASU 2016-14) and contributions received and made (ASU 2018-08)
  • Particpants will learn about any potential impacts of topic 958 regarding exchange versus contributions.

11:55AM-1:00PM

13

Thursday
1:00PM-1:50PM

PFS1904. Cybersecurity Best Practices: From Culture to Coping

Instructor: Charles Barley, Jr., Nico Guetatchew
Knowledge Level: Intermediate
Field of Study: Information Technology
CPE Credits: 1.0

Cybersecurity is an ever-changing, rapidly-evolving field. Not only are the technical and operational challenges more complex than ever before, but too often we focus on the latest hack and lose sight of how to prepare our environments in concrete ways for the threats to come. The legal, technical and institutional challenges posed by the issue of cybersecurity are global and far-reaching, and can only be addressed through a coherent strategy taking into account the role of different stakeholders and existing initiatives, within a framework of international cooperation. Emerging Data Privacy regulations around the world are also forcing nonprofits to think beyond traditional cybersecurity and consider how to protect the data of the general public, employees, and even vendors and suppliers. The General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA) are just two of a trend towards enhanced consumer data protection - which carries heavy fines for non-compliance. This course is intended for nonprofit decision makers to cover the fundamentals of a mature cross-enterprise cybersecurity program, including how to establish a culture of compliance when it comes to protecting personal information.

Learning Objectives:

  • By the end of the course, attendees will be able to: Describe current cybersecurity and privacy threats facing nonprofit organizations.
  • Articulate the unique roles and responsibilities they have in defining a security-forward posture for their organization.

13

Thursday
1:55PM-3:10PM

PFS1905. Paying “Fair Share”: Funders Collaborating to Drive Change

Instructor: John Bernstein, Hilda Polanco, Julia Silverman
Knowledge Level: Intermediate
Field of Study: Specialized Knowledge
CPE Credits: 1.5

In 2016, five foundations—Ford, Hewlett, MacArthur, Open Society, and Packard—came together with The Bridgespan Group to explore the underlying challenge of insufficient cost recovery: project-restricted grants that do not cover the actual costs of those organizations we are trying to support. Building on previous research, the funder collaborative engaged nonprofit organizations, program officers, sector intermediaries, and financial experts (including BDO, FMA, & Humentum) in a pilot project to better understand the dynamics of the cost recovery problem and potential solutions. Based on our findings, and with a view toward driving change among funders and finance professionals more broadly, the session will outline specific tactics that can be used to support grantees in building stronger, more effective organizations.

Learning Objectives:

  • Understand the drivers of the insufficient cost recovery problem and the relationship to financial instability among grantees
  • Navigate a “menu of grantmaking approaches,” spanning flexible enterprise-level support as well as project-restricted funding options
  • Learn about the process of indirect cost rate verification with individual grantees (as piloted by the funder collaborative and pilot “verification partners”: BDO, FMA, & Humentum), including where opportunities exist to develop shared guidelines for indirect cost rate calculation
  • Identify what steps funders can take to recognize and address the cost recovery problem in their own portfolios

13

Thursday
3:30PM-4:20PM

PFS1906. Fraud and Other Mis-uses of Grant Funds

Instructor: Elmar Vinh-Thomas, Tomer Inbar, Ward Thomas
Knowledge Level: Basic
Field of Study: Specialized Knowledge
CPE Credits: 1.0

Grant agreements all have a specified charitable purpose. Sometimes the purpose is for general support of a grantee. Other times the purpose is very specific (e.g. to purchase a particular parcel of land). What happens when assets are not used as intended? When there is outright grantee or employee theft or fraud the answer can be easier than when the facts are more complicated. What factors should foundations consider when grant funds are not used as specified in the grant agreement? What are the different approaches a grantor can take to recover grant funds? What are the reporting requirements when funds are not used as intended? What steps can be taken to mitigate risk of loss and prevent future misappropriation of grant funds?

Learning Objectives:

  • Learn about donor restrictions on grants and the consequences to the donor when restrictions are not met. Is there a risk to the donor of putting restrictions on a grant?
  • Discuss reporting requirements when grant funds are misappropriated for a purpose other than the purpose specified in the grant agreement.

13

Thursday
4:25PM-5:40PM

PFS1907. Managing Risk and Volatility with a Global Footprint

Instructor: Saul Bakst, Jennifer Becker Harris, Deby MacLeod
Knowledge Level: Intermediate
Field of Study: Specialized Knowledge
CPE Credits: 1.5

This session will introduce a broad range of issues and present some tips for addressing challenges a foundation may face when venturing into the world of international philanthropy and investing.

Learning Objectives:

  • Participants will be able to identify compliance challenges facing organizations when making grants and PRIs to organizations overseas and the impact of foreign currency fluctuations, and ways to mitigate the impact.
  • Participants will understand the broad range of regulatory filings relating to foreign investments, the types of investments that present the greatest compliance challenges, and red flags to identify in fund documents and agreements.

5:40PM-6:45PM

6:45AM-12:00PM

14

Friday
7:00AM-7:50AM

PFS19201. Advanced 990-PF and 990-T Tax Positions

Instructor: Saul Bakst, Jody Blazek, Jane Searing
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.0

This session provides practical and detailed discussion of the most complex and interesting filing issues our tax experts have worked through in the past year. This session will be interactive. Please bring your difficult filing issues you encountered which you may not have resolved in May for the group to discuss.

Learning Objectives:

  • Learn about complex filing issues on the Form 990-PF and 990-T
  • Practical tips for contemporaneously documenting filing positions on Form 990-PF and 990- T

14

Friday
8:00AM-8:10AM

Morning Announcements

Instructor: Jane Searing
Knowledge Level: None
Field of Study: None
CPE Credits: None

14

Friday
8:10AM-9:25AM

PFS1908. Building Effective and Legislatively Savvy Private Foundations

Instructor: Ruth Madrigal
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

Private foundations are prohibited from engaging in legislative and political activity as defined in IRC 4945. That does not mean there is no legislative or political activity in which a private foundation can legally engage. Building on last year's challenge, Ruth Madrigal will discuss how private foundaitons can be less polite and more effective in requesting legislative change which fulfills their exempt purposes and does not violate 4945 prohibitions.

Learning Objectives:

  • Understand what is prohibited activity
  • Identify what activities are allowable, and what are effective activities for private foundations to engage in to effect change

14

Friday
9:45AM-10:35AM

PFS1909. Self-Dealing Case Studies

Instructor: Jane Searing, Jody Blazek
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.0

Case studies with transactions that result in self-dealing will illustrate how to identify and correct such acts. The session with focus on ideas for avoiding the unforgiveable penalties, using policies and procedures, and practical solutions will be shared.

Learning Objectives:

  • Gain an understanding of who is a disqualified person and what constitutes an act of self-dealing
  • Gain understanding of the very different – some severe and some lenient – amounts involved in correction of self-dealing acts
  • Identify how to correct acts of self-dealing should they occur

14

Friday
10:40AM-11:55AM

PFS1910. Exploring Operationalizing Diversity, Equity and Inclusion

Instructor: Amy Robinson, Michael Forster, Eric Wilfrid
Knowledge Level: Overview
Field of Study: Specialized Knowledge
CPE Credits: 1.5

In this session we'll discuss how building a diverse organization improves performance, enhances innovation, and boosts creativity. We'll explore the definitions around diversity, equity and inclusion and strategies around what organizations are doing in this space from hiring to vendor selection and beyond. We'll share practical resources and advice to help you no matter where you are along the DE&I journey.

Learning Objectives:

  • Understand the landscape in the DE&I space, definitions and why DE&I, in all aspects of our work, are important to mission of our clients.
  • Identify how to operationalize DE&I and leave with tools they can start using right away.