To help students understand the language of private foundations, their unique terms, and specific definitions. Furthermore, to help students learn the specific rules and regulations governing private foundations that help foundations stay in compliance with IRS regulations. Finally, to help students communicate more effectively within the philanthropic community.
Students will:
- Increase their knowledge about private foundations
- Learn specific vocabulary relating to the world of private foundations
Foundation Source Philanthropic Services (2013). 21 Terms Every Private Foundation Should Know. Fairfield, Connecticut: Foundation Source. [http://www.foundationsource.com/resources/21_Terms_03-05-13.pdf]
Lecture and presentation of terms. Note: It is emphasized that these terms are not intended as a substitute for legal, tax or investment advice.
Students discuss terms in relation to private foundations.
Short essay or quiz over terms learned in this lesson.