Sam Coppersmith, Esq. is a partner with the law firm of Coppersmith Brockelman PLC in Phoenix, Arizona. His practice centers on business and real estate transactions, with an emphasis on guiding nonprofit organizations in strategic initiatives, operations, and public affairs. Mr. Coppersmith represented Arizona’s 1st Congressional District in the U.S. House of Representatives during the 103rd Congress; served as a member and as chair of the City of Phoenix Board of Adjustment; served as a Foreign Service Officer with the U.S. Department of State; and is a member and the immediate past chair of the Board of Trustees of Devereux Advanced Behavioral Health, one of the nation’s largest nonprofit behavioral health providers. He is admitted in Arizona and California, and is a graduate of Harvard College and Yale Law School.
Private Foundations: From Start to Finish
Live Broadcast on February 16, 2018
This course is a basic introduction to organizing, qualifying, and operating private foundations. The seminar will review the essentials of forming private foundations, obtaining recognition of exempt status from the IRS, and avoiding self-dealing, minimum distribution, and governance pitfalls. The seminar also will discuss alternatives to private foundations, including supporting organizations and donor-advised funds. The course is designed for attorneys and others advising existing foundations or assisting clients who wish to create a charitable institution with some basic understanding of nonprofit corporations and tax law gain exposure understand the rules and procedures for private foundations.
Key topics to be discussed:
• Overview of private foundations (types, funding options, and comparisons with public charities)
• Incorporating and obtaining IRS recognition of exempt status
• Operational issues
Date / Time: February 16, 2018
• 2:00 pm – 4:00 pm Eastern
• 1:00 pm – 3:00 pm Central
• 12:00 pm – 2:00 pm Mountain
• 11:00 am – 1:00 pm Pacific
Choose a format:
• Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
• On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 7 business days after the original recording date and are view-able for up to one year.
mylawCLE seeks approval in all states.
CLE 2.00 – AK
CLE 2.00 – IA
CLE 2.00 – MP
CLE 2.40 – NY
CLE 2.00 – UT
myLawCLE will seek credit where attending attorneys are primarily licensed for all of its live webinars and live teleconferences, except in states which allow for reciprocity (see reciprocity section below). Credit for CLE in a self-study format is sought for in most states; however, some states do not allow for CLE credit to be earned in a self-study format (see the self-study section below). Many states typically decide whether a program qualifies for MCLE credit in their jurisdiction 4-8 weeks after the program application is submitted. For many live events, credit approval is not received prior to the program. Credit hours granted are subject to approval from each state.
Additionally, some states allow for credit to be granted on a 1:1 reciprocal basis for courses approved in another mandatory CLE jurisdiction state. This is known as a reciprocity provision and includes the following states: AK, AR, CO, FL, ME, MT, ND, NH, NJ, NY, PR, and SD. myLawCLE does not seek direct accreditation of live webinars or teleconferences in these states.
myLawCLE will seek on-demand approval in all states except Virginia and Arkansas (outside reciprocal provisions stated above).
myLawCLE Credit Guarantee
myLawCLE offers a program and credit approval guarantee. If a registered attendee is unhappy with a CLE program they have attended, myLawCLE will offer that attended access to another complimentary CLE or a full refund in order to insure the attendee’s satisfaction.
Additionally, on all online CLE programs application for approval will be made in all states where attending attorneys are primarily licensed in. If a registered attorney does not receive credit from their state for any reason, a full refund will be granted.
Section I. Private Foundation Basics
Section II. Forming a Private Foundation: Articles, Bylaws, Mission, and Policies
Section III. IRS Application Process
Section IV. Operating a Private Foundation
Section V. Rules and Pitfalls: Avoiding Excise Taxes and Compliance Issues