November 20, 2024

Are Scholarships, Grants, and Awards from Private Foundations Taxable to Individual Recipients?

by: Kyle Anderson

The taxability of scholarships, grants, and awards from private foundations to individual recipients depends on their purpose and structure. Proper compliance ensures that both foundations and recipients can maximize the benefits of these funds while minimizing potential tax burdens.

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Credit cards in a stack

Foundation Credit Cards—Watch Out for Personal Expenses!

by: Kyle Anderson
July 9, 2022

Family foundation insiders must exercise caution and comply with IRS regulations to avoid penalties related to the improper use of foundation credit cards for personal expenses. Implementing preventive measures and adhering to self-dealing rules helps maintain the foundation's reputation and stakeholder trust.

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Labratory work being done in test tubes by a gloved hand

A sweet spot for Private Foundations: Finding new and unorthodox solutions

by: Kyle Anderson
August 2, 2022

A sweet spot for private foundations is to help society fix problems that government and private enterprise have not been able to solve on their own.

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Kyle has been such a pleasure to work with.

There is a vast array of knowledge and expertise that a generalist CPA must have - Kyle focuses on Private Family Foundations so that he can go broad and deep in this particular financial & tax area.  That is of great benefit to Private Family Foundations like my family's.  Kyle has allowed me to focus on our foundation's mission and giving strategy and lightened my burden of keeping up to date on tax and compliance issues.  His response to questions has been timely and thorough.  We have been extremely pleased with Kyle and strongly recommend him to other PFF's.

Debbie Suchan
The Five Stones Charitable Foundation