Private Foundation Handbook and Compliance Guide provides comprehensive coverage of the legal, tax, and business aspects of forming and operating a family foundation. From grantmaking to investment management, accounting procedures to tax filings, and funding the foundation to protecting it from liability, this handbook provides coverage of all the issues a family foundation faces. This valuable resource provides forms, checklists, questionnaires, training forms, and other items to help provide the professional assistance every foundation needs. Chapter 1: Introduction and History of Private Foundations Chapter 2: Life Cycle of a Private Foundation Chapter 3: Part I--Analysis of Revenue and Expenses Chapter 4: Part II--Balance Sheets Chapter 5: Part III--Analysis of Changes in Net Assets or Fund Balances Chapter 6: Part IV--Capital Gains and Losses for Tax on Net Investment Income Chapter 7: Part V--Qualification Under Section 4940(e) for the Reduced Tax on Net Investment Income Chapter 8: Part VI--Excise Tax Based on Investment Income (IRC Section 4940(a), 4940(b), 4940(e), or 4948) Chapter 9: Part VII-A--Statements Regarding Activities Chapter 10: Part VII-B--Statements Regarding Activities for Which Form 4720 May be Required Chapter 11: Part VIII--Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Independent Contractors Chapter 12: Part IX-A--Summary of Direct Charitable Activities Chapter 13: Part IX-B--Program-Related Investments Chapter 14: Part X--Minimum Investment Return Chapter 15: Part XI--Distributable Amount Chapter 16: Part XII--Qualifying Distributions Chapter 17: Part XIII--Undistributed Income Chapter 18: Part XIV--Private Operating Foundations Chapter 19: Part XV--Supplementary Information Chapter 20: Part XVI-A and B--Analysis of Income-Producing Activities Chapter 21: Part XVII--Information Regarding Transfers to and Transactions and Relationships with Noncharitable Exempt Organizations Chapter 22: Signature Block Chapter 23: Donors, Disclosure and Documentation Chapter 24: Board Review of the Form 990-PF Index