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
CLE Credits earned: 2 GEN
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: May 23, 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 accreditation for all programs in all states. (Accreditation for paralegals sought thru NALA and NFPA paralegal associations.) Each attending attorney/paralegal will receive a certificate of completion following the close of the CLE program as proof of attendance. In required states, myLawCLE records attorney/paralegals attendance, in all other states attorney/paralegal is provided with the approved CLE certificate to submit to their state bar or governing association.
Automatic MCLE Approvals
All myLawCLE CLE programs are accredited automatically either directly or via reciprocity in the following states: AK, AL, AR, CA, CO, CT, FL, GA, HI, ME, MO, MS, MT, ND, NH, NM, NJ, NY, PA, PR, SD, UT, WV, WY and VT. (AZ does not approve CLE programs, but accepts our certificates for CLE credit.)
Applied MCLE Approvals
myLawCLE seeks approval via application in all other states that are not automatically approved through myLawCLE’s state accreditation. (Some states may take up to 4 weeks to send in final accreditation, however attendees will receive accreditation according to the date the class was taken—the state of VA may take up to 12 weeks.)
Accreditation on Formats: Live Video Broadcasts, “Live” Re-Broadcasts and On-Demand CLEs
Live Video Broadcasts
Live video broadcasts are new live CLE programs being streamed and recorded for the first time. All of these programs qualify for “Live” CLE credit in all states except LA and PA—these two states require in-person attendance to qualify for “Live” CLE credit.
“Live” Re-broadcasts are replays of previous recorded CLE programs, set on a specific date and time and where the original presenting speakers calls in live at the end of the event to answer questions. This “live” element allows for “live” Re-broadcast CLEs to qualify for “Live” CLE credits in most states. [The following states DO NOT allow for “live” CLE credits on re-broadcast CLEs: NM and LA.]
On-demand CLE classes are available 24/7 via the myLawCLE portal. Attendance to these classes is monitored and recorded via our login process and a certificate of completion is issued upon the close of viewing the program. These CLEs can be viewed at anytime and only qualify for self-study CLE credits.
Many 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, CT, FL, GA, ME, MO, MT, ND, NH, NJ, NY, PR, SD and WV. myLawCLE does not seek direct accreditation of live webinars or teleconferences in these states.
myLawCLE Credit Guarantee
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