The Art of Board Compensation
We are pleased to announce that Jeffrey Haskell, J.D., LL.M., Chief Legal Officer of Foundation Source, will be our guest speaker on the subject of The Art of Board Compensation at our October 30th Dinner Meeting at the Country Club of Darien. Cash bar and cocktails will begin at 5:45 p.m., followed by dinner promptly at 6:30 p.m. and the speaker presentation from 7:15 p.m.-8:00 p.m.
This presentation is intended to help your private foundation clients achieve fair compensation without IRS consternation. When individuals devote time to foundation matters—whether as officers, directors, trustees, executive directors, employees, or professional service providers—they may expect to be fairly compensated for their time and effort. Unfortunately, because of a few bad actors, the issue of compensating insiders for their work on the foundation has become something of a lightning rod for controversy. Our presenter, Jeffrey Haskell, will explain why compensation must be “reasonable and necessary,” and how failure to do so can expose both the foundation and compensated individual to stiff penalties and public derision. Participants will walk away with an unparalleled grasp of the subject matter and an enhanced appreciation for the subtleties of private foundation oversight.
For speaker bio and registration details, click on the document link below.